Posted by ketyung
on Nov/21/2007
at 5:59 am
When I first heard of flying car, I knew that it wouldn’t be that easy to build one, and finally we wouldn’t get any solid one in the market. How many times, we’ve heard the delay or uncertainty of release of these flying vehicles before?
Moller International Inc., a company that is developing the flying car, Moller M400 SkyCar, seems to be in a financial deep shit that will jeopardize the completion of their M400 flying car. The company nows has run up more than $40.5 million in accumulated deficits. They have even auctioned the M400 prototype on eBay with a 3.5 million dollar minimum bid, hoping to generate some money for its debts.
The M400 is a flying car that relies on a computer controlled autopilot, and 8 new rotary engines which rotate for a change in axis of flight from forward to hover. Behind all these great engines and system, what you need is a strong financial support.
The company is now desperately looking for other sources of funds or loans. In the event that the company fails to source such funds or loans, the M400 will most likely be discontinued!
via [Coolest-Gadgets]
M400 SkyCar,M400 flying car,flying car,flying vehicle
Technorati Tags: M400 SkyCar, M400 flying car, flying car, flying vehicle
November 21st, 2007 at 2:00 pm
This looks like an amazing car.
November 23rd, 2007 at 3:31 am
ooo man… if I have loads of money, I will save this project!
October 10th, 2008 at 10:32 am
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