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Transition flying car completes first public flight

Think of a flying car and - depending on your age - you may think of Chitty Chitty Bang Bang or the Ford Anglia from the Harry Potter novels. But whatever, it's the stuff of fantasy, surely? The kind of machine that featured in those 'glimpses of the future' movies of the 1950s.

2011 Honda CR-Z starts at less than $20,000

The first mainstream hybrid with a six-speed manual, the 2011 Honda CR-Z, will sticker at a shade less than $20,000 when it arrives on the market on Aug. 24. Honda announced pricing for the sporty compact two-seater on Tuesday, and a base car with the manual starts at $19,950, including a $750 destination charge.

VW exec Jacoby reportedly heading to Volvo

Volkswagen of America said it is in talks with CEO Stefan Jacoby, who reportedly has been tapped to run Volvo Car Corp. In the meantime, VW has temporarily named two executives to take over Jacoby's duties, the German automaker said in a statement Thursday. "We are holding contract talks with Stefan Jacoby," the statement said.