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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.

BMW, Daimler experiment with upscale rent-by-the-ride

Two European luxury brands are tiptoeing into car sharing, a radical move for carmakers whose business for the past 100 years has been selling to individuals. German archrivals Daimler AG and BMW AG have launched sharing programs. The automakers say the move was prompted by changing attitudes about car ownership, especially among young buyers, and increased urban congestion.

First Sight: BMW 3 Series

With the 7 Series of 2001, Z4 of 2002, X3, 5 and 6 Series of 2003, and 1 Series earlier this year, the current E46 3 Series is the last (X5 excepted) 'old school' BMW in production. These first official pictures show BMW's fifth generation E90 3 Series which replaces this car and completes the new design strategy for the main series BMW range under Design Director Chris Bangle. Now with a smaller sibling in the range, the 3 Series is no longer BMW's entry level car although it shares much of its platform with the 1 Series and it is expected to continue to account for about half of BMW's total sales.