That is indeed the car!
The Holy Grail has been found at last - a car which uses no fuel apart from a bit of electricity!
Perpetual motion at last....
They go on to say "The Magnetic Air Car allegedly uses three on-board substations to compress air up to 'mach-one force airflow, which is then channeled, modulated, and converted to torque that propels the car.
There is enough energy available through the use of super-capacitors, earth-friendly recyclable batteries, solar power, magnetic motors and magnetic generators to compress entrained ambient air. We believe we can obtain a higher speed with these components, some that we have invented and some invented by others that may soon become strategic partners. Most important, our solution does not violate the laws of energy conservation or the basic principles of thermodynamics."
Time will tell...