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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.

Toyota, Honda lead U.S. industry to 22 percent gain

U.S. light-vehicle sales, paced by Toyota and Honda, rose 22 percent in June as U.S. consumers continued to shake off economic jitters and replace aging cars and light trucks.

Honda plans gasoline engine for the CR-Z

Honda is set to provide the CR-Z with an all-new four-cylinder gasoline-engine option as part of plans to broaden the compact coupe's appeal in key world markets, including North America. Currently available with just one engine option—a gasoline-electric hybrid system that mates a 1.5-liter four-cylinder engine with a brushless electric motor—the CR-Z is also earmarked to receive a turbocharged 1.6-liter four-cylinder engine currently undergoing development in Japan. The new unit, which is also planned for the Jazz, the Civic and the Accord, forms an integral part of an engine downsizing program instigated at Honda.