Flying-Car Company Terrafugia is Bought by China's Geely

With real money behind its project, maybe Terrafugia will finally hit its latest deadline, in 2019. But it'll probably lose money anywayPhoto: Terrafugia

“We wanted flying cars, instead we got 140 characters," wrote tech billionaire Peter Thiel, in 2011. Well, Twitter is now going to allow 280 characters in a tweet, and soon—we are told—we will finally get a flying car.

Terrafugia, which in 2006 became one of the very first of a new crop of flying-car companies, says it will have...

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