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Are Flying Cars Really Coming? GM, Fiat Chrysler Glide Into Electric Flying Vehicle Arena
01/12/21 AT 1:46 PM
The “flying car” market continues to draw more competitors. On Tuesday, automaking giants Fiat Chrysler Automobiles (FCAU) and General Motors (GM) announced they will enter the air-mobility sector.
Fiat Chrysler said it has entered into an agreement with Archer to help accelerate its electric vertical takeoff and landing (eVTOL) aircraft’s time to market.
Through the partnership, Archer will have access to Fiat Chrysler’s low-cost supply chain, advanced composite material capabilities, and engineering and design experience. The companies will also work together to reduce the cost of production, allowing Archer to “bring affordably priced service to customers” through the eVTOL. ....

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