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The Hongqi L5 is the most expensive Chinese car you can buy

China's oldest car company rolled out its first vehicle on Aug. 1, 1958; it was a chrome-lined black sedan designed -- like the pastiche of 1950s cars it resembled, including the Packard-esque Chaika -- to strike equal amounts of fear and inspiration into the revolutionaries. In Chinese, "Hongqi" in means "red flag," the most potent symbol of the Chinese Communist Party, making it a fitting name for a company that supplied the apparatchik.

Design Contest: Car Design Awards China 2011 launches

阅读本文中文版本请点击这里 CDN is pleased to announce the 2011 Car Design Awards China, a competition for students in China that aims to encourage the development of the next generation of domestic talent. The Awards are open to students of any discipline who are studying full-time at a college in China. They work to briefs set by OEMs, and their entries will be judged by a panel of distinguished senior designers whose career backgrounds are both inside and outside China.

Mitsubishi plans to halt U.S. production of 3 models in August

Mitsubishi will stop making three models at its Normal, Ill., plant in August. Production of the Eclipse coupe, Eclipse Spyder and Endeavor crossover will cease, while the Galant sedan will continue to be built, said Yoichi Yokozawa, CEO of Mitsubishi Motors North America. A decision on when to end Galant production will be made later, Yokozawa said.