Moller International of Sacramento, Calif., is modifying a Ferrari 599 GTB, outfitting it with retractable wings, eight mounted engines and a battery-powered booster that would enable it to soar as high as 2,500 feet in the air, the New York Daily News reported Tuesday.
Called the Autovolantor, the idea was suggested by a wealthy Russian investor and is being developed into a $3 million prototype, said Bruce Calkins, general manager of the company.
"At first, we were very skeptical," Paul Moller, the company's chairman, told the Daily News, but added that after initial testing, "We were surprised by how practical it became."
Moller has a background developing vertical takeoff and landing aircraft, the newspaper said.
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