U.S. firm, FAW to build sports cars under Chairman Mao's favoured brand Hongqi

A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China's FAW Group under the brand of choice of late revolutionary leader Chairman Mao Zedong, Hongqi.

from Reuters: Business News https://ift.tt/2SbkXKc