First "flying cars" to be built in MA

Production of the world's first "flying car" will be taking off from Massachusetts.

Terrafugia Inc. announced Wednesday that it plans to begin low-volume production of the company's Transition Roadable Aircraft at 19,000-square-foot facility in Woburn.

The company - which is headquartered in Woburn - said it considered several other locations around the U.S. and the world for initial production, which could begin by late next year.

Terrafugia says plans for long-term high volume production have yet to be determined.

The car-plane has wings that unfold for flying and fold back up for driving on normal roadways.

The vehicle is expected to cost between $200,000 and $250,000.