Now there is one thing here, the video was uploaded on the 1st April, which would usually mean a hoax, but the PAL-V ONE flying car has been around for some time, so we might safe here. Anyway, this design for a flying car is based on the autogyro flying principle and a two seat three wheeled car.
These are the details on the cool PAL-V ONE flying car;
The PAL-V ONE is a two seat hybrid car and gyroplane: a personal air and land vehicle. What makes the PAL-V ONE attractive is the convenience of fully integrated door-to-door transportation. On the ground, this slim, aerodynamic, 3-wheeled vehicle has the comfort of a car with the agility of a motorcycle thanks to its patented, cutting-edge, ‘tilting’ system. It can be driven to the nearest airfield and take off just like any other airplane. The single rotor and propeller are unfolded to make the PAL-V ONE ready to fly.
Source [Pop Sci]