General Motors (GM) is taking its business to new heights by unveiling a flying self-driving taxi under its Cadillac brand at the Consumer Electronics Show (CES).

The American carmaker shared a concept video showcasing a single-seater electric vertical takeoff and landing (eVTOL) aircraft that tops speeds of 56mph.

Not only is GM’s future taking to the skies, but the video also showed it is heading down the road with a new luxury autonomous shuttle that seats two passengers.

The concept vehicles were revealed during the firm’s morning remarks at the tech conference that is being held virtually for the first time due to the lingering coronavirus pandemic.

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General Motors (GM) shared a concept video of two futuristic vehicles under the Cadillac brand. The first is a flying car (left) and the other is an electric shuttle that are both autonomous

General Motors (GM) shared a concept video of two futuristic vehicles under the Cadillac brand. The first is a flying car (left) and the other is an electric shuttle that are both autonomous

General Motors (GM) shared a concept video of two futuristic vehicles under the Cadillac brand. The first is a flying car (left) and the other is an electric shuttle that are both autonomous 

Moments after GM shared the video, its stock saw uptick of 8.8 percent to $48.95 a share that boosted its market cap to roughly $70 billion.

The last major stock record was in 2017, but it only rose to a high of $46.76.

Both of the futuristic vehicles are part of Cadillac’s Halo Portfolio, but it is not clear when the pair will go into production.

A GM spokesperson confirmed to CNBC that the firm has designed models of both autonomous concepts, but used computer renderings during the presentation.

GM shared a concept video showcasing a single-seater electric vertical takeoff and landing (eVTOL) aircraft that tops speeds of 56mph

GM shared a concept video showcasing a single-seater electric vertical takeoff and landing (eVTOL) aircraft that tops speeds of 56mph

GM shared a concept video showcasing a single-seater electric vertical takeoff and landing (eVTOL) aircraft that tops speeds of 56mph

The firm says it boasts four rotors powered by a single 90-kWh electric motor that produces speeds up to 56 mph

The firm says it boasts four rotors powered by a single 90-kWh electric motor that produces speeds up to 56 mph

The firm says it boasts four rotors powered by a single 90-kWh electric motor that produces speeds up to 56 mph

The sleek, self-driving drone would be GM’s first push into aerial mobility.

The firm says it boasts four rotors powered by a single 90-kWh electric motor that produces speeds up to 56 mph.

‘You’ve been at the office and now you need to get to a meeting across town,’ said Michael Simcoe, GM’s vice president of global design, during the video presentation.

‘The eVTOL meets you on the roof and drops you at the closest dedicated port closest to your destination.’

This would bypass traffic, crowds and other obstacles that stand in the way of commuters traveling from A to B.

'You've been at the office and now you need to get to a meeting across town,' said Michael Simcoe, GM's vice president of global design, during the video presentation. 'The eVTOL meets you on the roof and drops you at the closest dedicated port closest to your destination'

'You've been at the office and now you need to get to a meeting across town,' said Michael Simcoe, GM's vice president of global design, during the video presentation. 'The eVTOL meets you on the roof and drops you at the closest dedicated port closest to your destination'

‘You’ve been at the office and now you need to get to a meeting across town,’ said Michael Simcoe, GM’s vice president of global design, during the video presentation. ‘The eVTOL meets you on the roof and drops you at the closest dedicated port closest to your destination’

GM also showed off a rectangular-shaped Cadillac Personal Autonomous Vehicle (PAV) that provides a social space for two passengers – similar to a limo but without a driver at the wheel

GM also showed off a rectangular-shaped Cadillac Personal Autonomous Vehicle (PAV) that provides a social space for two passengers – similar to a limo but without a driver at the wheel

GM also showed off a rectangular-shaped Cadillac Personal Autonomous Vehicle (PAV) that provides a social space for two passengers – similar to a limo but without a driver at the wheel

GM did not reveal much else regarding its autonomous flying taxi, but is targeting the luxury travel market if and when it launches.

‘It’s a concept for a moment when time is of essence and convenience is everything,’ Simcoe said.

GM also showed off a rectangular-shaped Cadillac Personal Autonomous Vehicle (PAV) that provides a social space for passengers – similar to a limo but without a driver at the wheel.

Inside the vehicle, passengers have their vital signs read via biometric sensors that are embedded in the leather seats, Car and Driver reports.

Inside the vehicle, passengers have their vital signs read via biometric sensors that are embedded in the leather seats

Inside the vehicle, passengers have their vital signs read via biometric sensors that are embedded in the leather seats

Inside the vehicle, passengers have their vital signs read via biometric sensors that are embedded in the leather seats

The boxy shuttle does not feature windows on the side, but has a large sheet of glass as the roof and around the back

The boxy shuttle does not feature windows on the side, but has a large sheet of glass as the roof and around the back

The boxy shuttle does not feature windows on the side, but has a large sheet of glass as the roof and around the back

And the system is powered by the rider’s voice and hand gestures, such as snapping pictures and turning lights on or off.

The boxy shuttle does not feature windows on the side, but has a large sheet of glass as the roof and around the back.

There is also a retractable screen inside the cabin that displays each passenger’s biometrics and other information such as weather and estimated time of arrival.

‘The needs and wants of the passengers at a particular moment in time and GM’s vision of the future of transportation,’ Simcoe told CNBC.

‘This is a special moment for General Motors as we reimagine the future of personal transportation for the next five years and beyond.’

This post first appeared on Dailymail.co.uk

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