"The company said that the flying car (sorry, but the official name is a mouthful) can travel at speeds up to 115 mph for 450 miles in the air, drive at highway speeds on the ground, and fold up to fit in a standard garage with a parked width of 81 inches and a height of 80 inches."
For its first flight, Phil Meteer, Colonel, USAFR (Retired) flew the car at Plattsburgh International Airport in Plattsburgh, NY. The chase aircraft was piloted by Giora Guth. The flight lasted less than a minute and was maybe 10 feet in the air, but it's a start. (A short video of the flight has been posted on Gearlog.)
Hmm, those Chrysler and GM execs could fly their cars to Washington instead of a corporate jet.
Of course, I could not resist finding a Jetsons' picture.