Another flying car gets airborne
 

Now this Rotax-powered one is intended to become a US certified LSA. 195000 USD will buy you one.

English language source with Picture:
Transition ?roadable aircraft? takes off - FLUG REVUE

So what happens if someone 'rear-ends' you whilst you are on the road? Also, you could hardly park it anywhere. Most of the damage my car collects year on year is caused in carparks. Seems to me you would be better off towing a regular light aircraft with the wings folded.

Your prop will chop him.

Car theft and Joy Riding is going to take on a whole new concept.
Cant wait to see the suped up police version.

Now in the German version of the story I found a cockpit shot - Both wheel and stick!
Fliegendes Auto - die "Transition" von Terrafugia - Bilderstrecke bei FLUG REVUE

Video here