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Porsche and Boeing are building a flying car

Porsche and Boeing have signed an agreement to “explore the premium urban air mobility market and the extension of urban traffic into airspace”, which when translated into English means they’re building a flying car.

Boeing and Porsche along with Boeing’s subsidiary Aurora Flight Sciences are set to build a concept version of a fully electric “vertical takeoff and landing vehicle”. Engineers from both companies, as well as Porsche subsidiaries Porsche Engineering Services GmbH and Studio F.A. Porsche, will get involved.

“Porsche is looking to enhance its scope as a sports car manufacturer by becoming a leading brand for premium mobility. In the longer term, this could mean moving into the third dimension of travel,” says Detlev von Platen, member of the executive board for sales and marketing at Porsche AG. “We are combining the strengths of two leading global companies to address a potential key market segment of the future.”

“This collaboration builds on our efforts to develop a safe and efficient new mobility ecosystem, and provides an opportunity to investigate the development of a premium urban air mobility vehicle with a leading automotive brand,” said Steve Nordlund, Vice President and General Manager of Boeing NeXt, an organisation aiming to make autonomous and piloted vehicles safely coexist.

A 2018 study by Porsche Consulting claims that the urban air mobility market will pick up speed after 2025. The study also indicates that urban air mobility solutions will transport passengers more quickly and efficiently than current conventional means of terrestrial transport, at a lower cost and with greater flexibility.