Chairman Mao’s favored Red Flag carmaker eyes 1 million customers by 2030

BEIJING/SHANGHAI (Reuters) – China’s FAW Group [SASACJ.UL] aims to double its annual sales of Chairman Mao Zedong’s carmaker of choice, Hongqi, or Red Flag, to 200,000 units this year and grow them further to 1 million cars in the next decade, its chairman Xu ... More »