Press Releases

First Flying Car Slated for 2019 Production with New Features

Terrafugia, Inc. announced new features in the Transition production vehicle, a two-seat auto and aircraft, including updates to the interior, safety systems, motor, and flight instrumentation. The latest features and systems will be incorporated and verified in the next test vehicles. The first production vehicles will come to market in 2019.

“Developing this new technology has allowed us to test several different mechanisms and generate process improvements along the way,” said Terrafugia CEO Chris Jaran. “We are at the critical point where we can implement the best design features based on years of flight and drive testing. This will improve function, safety and aesthetics for the optimal flying and driving experience.”

Terrafugia, Inc. To Create 130 New U.S. Jobs

Geely Holdings acquisition leads to expansion across all departments Woburn, MA April 10, 2018 Terrafugia, Inc. created 75 new US-based jobs within the past 12 months and is on track to add at least another 50 more by the end of the year. Zhejiang Geely Holdings Group (Geely Holding), a privately owned Fortune 500 company… Read more »

Zhejiang Geely Holding Group completes acquisition of Terrafugia, Inc.

Terrafugia Inc to become fully owned subsidiary of Zhejiang Geely Holding Group Geely Holding committed to investing in Terrafugia to make flying car a reality US-based engineering team already expanded considerably in anticipation of takeover November 13th 2017, Hangzhou and Boston: Zhejiang Geely Holding Group (Geely Holding) is pleased to announce it has entered into… Read more »

FAA Approves Terrafugia Petition for Exemption for the Transition Roadable Aircraft

Woburn, MA June 21, 2016: Terrafugia is pleased to announce that the Federal Aviation Administration (FAA) has approved our 2014 Petition for Exemption, allowing a vehicle in the Transition street-legal airplane configuration to be certified as a Light Sport Aircraft (LSA) with a maximum takeoff weight of 1,800 pounds. This is a significant increase over… Read more »