Moller International, Inc. may not be providing flying skycars [vid] for the 21st Century but it will not be because they did not try after over $200-million [vid]. The Davis, California-based firm, lead by Dr. Paul Moller [vid], has recently filed notice with the Securties and Exchange Commission [PDF] noting that it has run up more than $40.5 million in accumulated deficits and is concerned whether it will have enough money to continue development [vid] of its vertical-takeoff and landing Skycar and its Rotapower engines [vid].
Moller has been inventing and developing Skycars since 1962, when he built the first prototype for a VTOL vehicle, named the XM-2 Skycar. The M400 Skycar [vid] is the latest in a series of innovative Skycars developed by his company. A previous model is the two-passenger M200X Skycar [vid], which has successfully completed over 200 test flights since 1989.
An alternative vehicle may be on the 2009 horizon known as the PALV Europe BV (Personal Air and Land Vehicle) or autogyro-copter. The PALV is a concept vehicle designed to solve the increasing congestion on our highways. John Bakker, a Dutch entrepreneur, is developing the PALV.