GM explores market for electric 'flying cars'

A Volocopter air taxi during a demonstration in Singapore in October last year. — Reuters

DETROIT: General Motors Co is exploring options in the aerial taxi market, including whether to build the vehicles known colloquially as "flying cars", as part of a push by the US automaker to look for growth in related transportation markets, two people familiar with the matter said.

Chief Executive Mary Barra on Sept 14 briefly made her first reference ever to Detroit-based GM's interest in the air taxi market, saying that it fit with development of electric vehicles (EVs) and its Ultium advanced electric battery.