Oh yay, another flying car story, they are always so pretty but they never can fly. The Milner Motors AirCar will debut at the New York International Auto Show, March 21-30. The Milner Motors AirCar is a four-seat advanced-composite car that is designed so that you can fly to your destination but then fold up the wings and drive it down the highway. There is a foldable main wing in the rear of the vehicle and a lifting projection in the front. It will weight around 3,000 pounds and will reportedly cruise at 200 m.p.h It has a 28-foot wingspan and on the ground the wings fold to seven feet wide. The plane is powered by two rotary engines and a separate 40 horsepower engine powers the car. The prototype they will be displaying at the car show doesn't fly, it's just meant to show that flight is possible. The flying cars are expected to cost $450,000.

[via Aero-News Network]

What's better than a Mercedes-Benz, you ask? A Mercedes-Benz with the AMG designation. The German automaker's AMG division, which takes regular old Mercedes vehicles and sups them up with hand-built, high-performance engines and classy bodywork, just turned 40 years old, and it's throwing itself a little party in the form of the Mercedes CL65 AMG.

Based on Mercedes' recently-redesigned CL-class, CL65 AMG purrs with the same 6.0L V12 twin turbo engine found in S65 AMG sedan and SL65 AMG convertible. The best thing about this engine, of course, is the mind-blowing 604 hp and 738 pound-feet of torque, which is enough power to get a school bus from 0-60 in a respectable amount of time let alone an actual passenger car.

For the image-conscious, the CL65 AMG excels, showing up in the company's "Alubeam" liquid metal paint job (usually reserved for auto show concept cars) and the kind of 20-inch wheels wrapped in wiiiiide-ass tires most of us expect to have to buy aftermarket. If the faux suede headliner and two-tone diamond patterned napa leather aren't enough to impress, several badges, including the AMG logo and "one out of 40" medallions (designating that the car is one of a limited run of just 40 vehicles) adorn surfaces throughout the vehicle. Because Mercedes expects the car to appeal to the gizmo-hungry among us, the Command Center sports numerous toys, including the traditional GPS navigation and even a race timer that allows the driver to time him/herself on a race track.

 Forbes has a great article on the NY International Auto Show and how the luxury vehicles are stealing the ... um, show.  Unveiled was the Lexus RX 600h, the hybrid with more HP than a 911.  Audi debuted their gorgeous new TT in New York because, they said, "New York has long been one of the premiere cities for fashion and design trends throughout the world. This makes New York the perfect place for the 2008 TT to make its auto show debut."  The link is the Forbes article via Wired.com.  Also check out the official list of new vehicles.

Update:  It should come as no surprise, but awesome sister blog Autoblog has a ton of NYIAS coverage, take a look.

Our sibling Autoblog is headed to the New York Auto Show and one of the cars that they will be checking out is the much-anticipated 2007 Continental GTC convertible. The drop-top version of the popular Continental GT coupe, the new car can hit speed of up to 195 mph and has a 12 cylinder engine. Autoblog has a bunch more press pictures of the car.