China on Wednesday confirmed that it slapped 10 Japanese auto parts manufacturers with a record $200 million (Rmb1.24bn) combined fine after the manufacturers were found guilty of price fixing.

Jaguar had revealed in an earlier-this-year announcement that it plans to revive its historic racing car --- the Lightweight E-Type. The company said that it would manufacture six more Lightweight E-Types in a new Heritage department on the site of the original Browns Lane factory in Coventry, England.

A civil investigation has been launched by federal prosecutors after concerns were raised over negligence by some regulators that keep a check on packaging and selling of questionable loans to investors. The subprime auto loan market is surging, but there have also emerged signs of false information given in loan applications by borrowers about their income and employment.

Hyundai Motor Co. has announced to recall its 883,000 Sonata sedan cars from 2011-2014 model years due to gear shifting problems.