When I first heard of flying car, I knew that it wouldn’t be that easy to build one, and finally we wouldn’t get any solid one in the market. How many times, we’ve heard the delay or uncertainty of release of these flying vehicles before?
Moller International Inc., a company that is developing the flying car, Moller M400 SkyCar, seems to be in a financial deep shit that will jeopardize the completion of their M400 flying car. The company nows has run up more than $40.5 million in accumulated deficits. They have even auctioned the M400 prototype on eBay with a 3.5 million dollar minimum bid, hoping to generate some money for its debts.
The M400 is a flying car that relies on a computer controlled autopilot, and 8 new rotary engines which rotate for a change in axis of flight from forward to hover. Behind all these great engines and system, what you need is a strong financial support.
The company is now desperately looking for other sources of funds or loans. In the event that the company fails to source such funds or loans, the M400 will most likely be discontinued!
Its a waste if this project is discontinued, maybe this project is ahead of time, and we’re not ready for this vehicle just yet.