Flying-car maker Terrafugia Inc. says it is setting up a low-volume production line for its Transition model in Woburn, Mass., the same town where the company headquarters are located. The company also says the price of its "roadable aircraft" will be higher than initially estimated.

How fying cars are going to change the future and what they will bring to society.

Discusses the brief history of flying cars and different designs that have been tried.

It's a two-seater. Front-wheel-drive. Gets about 30 mpg on the highway. But give it a third of a mile of straight asphalt in front of it, and it really flies. Of course, you have to unfold the wings first.