Slovakian aviation firm AeroMobil has unveiled its futuristic electric flying car concept which is set to go into production in 2020. At a press briefing, the company introduced its AeroMobil 5.0 VTOL which has been specifically designed for intra-city travel in an effort to alleviate the chronic traffic issues posed by urban congestion.

Toyota has invested 42.5 million yen into a project to develop a 'flying car' which they hope will be subsequently used to light up the Olympic flame for the Tokyo 2020 Summer Games. Engineers showcased a demonstration of its 'flying car' at an event last week -and expressed their confidence that it will be able to design a model that will light the Olympic torch.