In 1948 Aerocar Inc. began developing a flying automobile designed by Mr M. B. Taylor. The prototype Aerocar, with a Lycoming O-290 engine, was completed in October 1949. It was followed by a pre-production Aerocar Model I with a Lycoming O-320 engine and four additional Model I Aerocar for demonstration tours. No further production models have been built but a refined Model III Aerocar has been completed.