SIGNIFICANT ACCOUNTING POLICIES AND USE OF ESTIMATES (Tables)

3 Months Ended

Mar. 31, 2013

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Foreign Currency Exchange Balance

	March 31, 2013 December 31, 2012
Balance sheet items, except for share capital, additional	$ 1=RMB 6.26660 $1=RMB 6.3090
paid in capital and retained earnings
Amounts included in the statements of operations	$ 1=RMB 6.27690 $1=RMB 6. 3079
and cash flows for the periods

Summary of Assets and Liabilities Measured at Fair Value

		December 31, 2012
Assets		Level 1	Level 2	Level 3		Fair Value Measurements
Long-lived assets- 3-door SUV mold	(1)			$	2,560	$	2,560

(1) Included in "Property, plant and equipment, net" on the face of condensed consolidated balance sheets. The original carrying value was $5.12 million. The Company recognized impairment charges of $2.56 million (included in "impairment loss of long-lived assets" on the face of consolidated statements of operations and comprehensive loss) for the year December 31, 2012 . These charges were related to the impairment in the 3-door SUV mold equipment used in the Jonway Auto segment (See Note 2-Accounting for long-lived assets).

Schedule of Estimated Useful Lives of Property and Equipment

Machinery and equipment	5-10 years (Jonway 10 years)
Computer equipment and software	3-5 years
Office furniture and equipment	5 years
Vehicles	5 years
Leasehold improvements	10 years or life of lease,
	whichever is shorter
Building and improvements	20-30 years (Jonway 20 years)