http://www.timesonline.co.uk/tol/driving/features/article5106213.ece
WANT WANT WANT WANT
Updates:
http://blog.wired.com/cars/2008/11/the-worlds-firs.html
You can see the box in the roof behind the seats where the parasail folds up. Apparently the R1 engine can power either the wheels or the prop, and can run on ethanol.
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