Sedan once made for Mao returns in China
A new version of the Red Flag sedan went on sale in China last week after a $300 million overhaul. The symbol of Communist privilege will vie with foreign brands such as Audi and BMW for China's elite. China FAW Group Corp. built the first version of the car for Chairman Mao Zedong in 1958 and made about 1,500 Red Flag cars — reserved for high-ranking government and party officials — in the 24 years before the brand was discontinued.
— Bloomberg News
Summer travel, gas prices looking up
Travel club AAA expects the summer travel season to be better than last year, and experts say drivers will likely see a drop in gas prices to help them along. The national average price of gasoline was $3.66 a gallon just before Memorial Day weekend, 2 cents higher than a gallon last year. Tom Kloza, chief oil analyst at GasBuddy.com, expects prices to drift lower now that the holiday is over and fall close to last summer's low of $3.33 per gallon before hurricane season starts to push them up again.
— The Associated Press