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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.

Ford Model A foundation makes funding push to get museum launched

More than 4 million copies of the Ford Model A were produced from 1927 through 1931. As the Model T's acclaimed successor, it evolved into nine different body styles. More than 80 years later, there are more than 100,000 Model As said to still be out there, but owners and early collectors are thinning out.

Car Design Awards China 2012 winners announced

The third annual Car Design Awards China competition came to an end earlier this evening as the winners of the 10 categories were announced along with the nomination for 2012 Student Designer of the Year - Xiao Hangjie, a student at Hunan University. The awards ceremony was held at the studios of CH-Auto in Beijing in the presence of an audience of renowned designers and judges from both domestic and international OEMs, with esteemed designer Chris Bangle acting as master of ceremonies. At the concluding judging session held in Beijing in March, one of the judges, Simon Loasby, Director of Design at VW China, said, "It was so difficult for us to decide on a winner, the entrants were so strong.