China's FAW preparing V12 Hongqi limousine
Established in 1953, First Automobile Works is, as you can guess, China's first automobile manufacturer, and remains one of the largest in the country. Hongqi ( "red flag") is FAW's flagship line, which also includes the (ahem) self-driving HQ3 that we reported on previously. In addition to its own range of vehicles, FAW also makes the Toyota Prius and several Volkswagens and Audis under local joint ventures. While the Hongqi HQE may find its share of buyers in China's burgeoning luxury market, we wouldn't expect to see it on American streets any time soon unless it's parked in front of the Chinese embassy.
[Source: Inside Line
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