By Lisa Lacy

Toyota is backing an organization working to develop a flying car in time to light the torch at the opening ceremony of the 2020 Summer Olympic and Paralympic Games in Tokyo.

Cartivator, which is developing this flying car, said 15 Toyota Group companies – including Toyota Motor Corporation – have pledged 42.5m yen ($325,000) over the next three years to fuel development.

As a result of this investment, Cartivator said it will accelerate technology development, including completion of a manned prototype by the end of 2018. Cartivator also said it intends to release its first model Read full story ›

Source: The Drum