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News watch Jan 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 31 January 2012• Two Japanese car parts suppliers have been fined a staggering $548m for price fixing offences following an FBI investigation. Yazaki Corp.

New Honda NSX takes to the track (video)

The new Honda/Acura NSX (pictured) hits the track The new Honda NSX has been a decade or more in the making as Honda vacillated over whether or not to revisit their supercar odyssey with a a new NSX for the 21st century. But having shaken off the self-imposed shackles that made them believe a new Honda supercar in these more austere and ‘Green’ times would be anathema, Honda are finally powering forward with a new NSX. True, they’ve decided their new NSX needs to be’Green’ to be good, but the green-ness Honda are throwing at the new NSX actually gives it more power too, so we’re not complaining.

2012 BMW M5 revealed in production trim

The wraps have been torn off the fire-breathing 2012 BMW M5. And, as expected, the Bavarian luxury maker is going in a different direction under the hood. BMW is eschewing a naturally aspirated powerplant in the new M5, whose high-revving roots date to the 1980s, in favor of a 4.4-liter twin-turbo V8 pushing out about 552 hp.