A carmaker is taking to the air.

FOX's Rich Denison reports:

A promise made to Baby Boomers in the 60's might finally become reality...

Toyota says it's now working on a flying car. The Japanese automaker investing in Cartivator Resource Management, a company that's developing a small vehicle capable of flight. So far, the prototype consists of propellers in a metal frame with basketballs attached to the bottom to soften the impact of landing...

Toyota hopes the car is airworthy in three years so it can be used to light the Olympic torch in the 2020 Tokyo Games.

Rich Denison, FOX News.