Electric car that that folds itself launches in Spain

Compact cars take on a new meaning when they can literally fold themselves.

Spain will begin producing an electric car next year that’s about the same size as a Smart, but can collapse itself into an even smaller footprint when parked. The Hiriko, which means “urban car” in Basque, is the brainchild of researchers at the MIT Media Lab, and is designed to meet the needs of increasingly congested and parking challenged urban centers.