The PAL-V ONE is a two seat hybrid car and gyroplane: a personal air and land vehicle. What makes the PAL-V ONE attractive is the convenience of fully integrated door-to-door transportation.
On the ground this slim, aerodynamic, 3-wheeled vehicle has the comfort of a car with the agility of a motorcycle thanks to its patented, cutting-edge, ‘tilting’ system. It can be driven to the nearest airfield and take off just like any other airplane. The single rotor and propeller are unfolded to make the PAL-V ONE ready to fly.
When airborne, the PAL-V usually flies below 4,000 feet (1,200 m), the airspace available for uncontrolled Visual Flight Rules (VFR) traffic; so there will be no interference from commercial air traffic. Furthermore, the PAL-V is powered by a very robust, flight certified aircraft engine. It runs on gasoline. It can reach speeds of up to 180 km/h (112 mph) both on land and in the air.
More info: http://pal-v.com/