Toyota Wants Flying Cars At The 2020 Olympics

Flying cars are the latest hot thing. This Aeromobil a flying supercar was displayed at an exclusive luxury goods expo in Monaco in April 2017

Flying cars are the latest hot thing. This Aeromobil a flying supercar was displayed at an exclusive luxury goods expo in Monaco in April 2017

Toyota and its group companies will invest about 40 million yen ($352,982) in Cartivator.

The Nikkei Asian Review reports Toyota and its group companies have agreed in principle to support the project.

Toyota is set to finance a flying auto project that could take flight by 2018.

The company is giving about 42.5 million yen ($375,000) to the Cartivator project, which is developing the three-wheeled sci-fi vehicle that relies on drone technology to take flight.

Almost 15 years ago, Harry Potter and the Chamber of Secrets dazzled us with a magical flying auto.

White Hart Lane to join a list of historic stadiums
It was reported earlier this week that United boss Jose Mourinho is lining up a £40m bid for the Englishman. Manchester United's top four hopes hang in the balance and Spurs can seal second with a win.

The "Skydrive" cars measure nine and a half feet by four feet and - using drone technology - can travel nearly 33 feet from the ground. SkyDrive uses drone technology to engage flight and has three wheels for land travel.

The automaker is making a small, but significant investment in Japanese startup Cartivator, which is aiming to build a flying vehicle in time to use it to light the Olympic cauldron at the 2020 Tokyo games.

It's not exactly a Camry with wings, but Toyota recently showed $375,000 worth of investment intrigue in SkyDrive, a compact, 9.5-foot-long vehicle somewhat reminiscent of a soap box auto, but with three wheels and hover blades similar to a drone.

The Japanese auto firm will give engineers £274,000 to develop jet-propelled vehicles that will travel up to 10 metres from the ground.

And while other multi-billion-dollar firms such as Uber promise to implement the future mode of transportation by the end of the decade, the Japanese automaker has indicated it will have its flying cars in the sky by 2018.

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