The Future Is Now: Hiriko, the Folding Car

Collaborating with a Spanish automobile industry, MIT spawned Hiriko, the first collapsible car, for which they are tooling up production in Europe. With its incredibly compact size for a car and a special ability that allow the wheels to turn 360 degrees to allow the drivers to control easier than other cars, Hiriko is super zippy. 

Source(s):

http://www.j-tokkyo.com/2012/02/03/44091.html

http://www.hiriko.com/