It’s not just Panthers that get some love around these parts. TTAC contributors Murilee Martin and Tycho de Feyter have both expressed admiration for the Hongqi CA770 “Red Flag” limousines made by China’s FAW (formerly First Automotive Works) and used as state automobiles from the mid 1960s into the 1980s. A few years back, FAW introduced the massive, 21 ft long Hongqi L9 (aka CA7600L), with styling heavily influenced by the vintage Red Flag limos. Since then, a slightly shorter version, the L7, has been used for foreign heads of state when visiting China. Last year the L7 went on sale to the public for the first time when a Red Flag dealership opened in Beijing’s elite  Jinbao shopping district. Now, even a greater number of wealthy Chinese will be able to show up government officials in their mere Audi A6s. At the recent Beijing auto show FAW introduced yet a smaller version of the limousine, the L5, to the retail market and businessman Wang Zhonghua, who owns a chain of furniture malls in China, paid $4.9 million yuan, about 800,000 U.S. dollars, for the first one. (Read More…)