Is it a bird? Is it a plane? No...

It's a flying Cadillac

General Motors has unveiled a self-driving electric vehicle

The single-passenger drone takes off and lands vertically

It can travel above the streets

at speeds of up to 55 miles per hour

(SOUNDBITE) (English) GENERAL MOTORS DESIGN CHIEF MIKE SIMCOE, SPEAKING AS AN ANIMATION PLAYS OF THE VEHICLE, SAYING:

"The vertical takeoff and landing drone, or VTOL, is GM's first foray into aero mobility. We are preparing for a world where advances in electric and autonomous technology make personal air travel possible. It is a concept designed for the moment when time is of essence and convenience is everything."

GM said the futuristic vehicle is "arriving soon"