President Deng Xiaoping inspects troops from the back of his Red Flag limo during a military parade on the 35th anniversary of the founding of the People's Republic of China, October 3, 1984. Photo: Xinhua

FAW, maker of China’s iconic Red Flag cars, is offered record 1 trillion yuan credit line

  • It comes as the country’s carmakers face hazardous times amid slowing sales and a law change that may dent their profits
  • If fully used, the US$145 billion of credit available to FAW would be enough to buy General Motors, Ford and Tesla combined
Topic |   Autos

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President Deng Xiaoping inspects troops from the back of his Red Flag limo during a military parade on the 35th anniversary of the founding of the People's Republic of China, October 3, 1984. Photo: Xinhua
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