Ferrari has just lost the Formula 1 Championship this year to Lewis Hamilton and his mad driving skills, but that doesn’t detract from the fact that the prancing horse exotic carmaker will be releasing a flying car known as Autovolantor within a couple years’ time. This new flying car will be based on a $ 319,653 Ferrari 599 GTB model, and can take off vertically as well as hover like a helicopter courtesy of its eight thrusters. These vents can tilt backwards to fly forwards. Too bad it won’t be as fast as any of the on-the-road Ferraris, since it is tipped to hit a top speed of just 100mph on the ground and 150mph in the air. Other features include a hybrid fuel and electric system that is capable of churning out 800 brake horsepower and let it fly at altitudes of up to 5,000 feet. Would you fork out $800,086 for this? At least it helps you beat the jam…

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