COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12– COMMITMENTS AND CONTINGENCIES Guarantees Jonway Auto guaranteed certain financial obligations of outside third parties including suppliers and dealers to support our business and economic growth. Guarantees will terminate on payment and/or cancellation of the obligation once it is repaid. A payment by Jonway Auto would be triggered by failure of the guaranteed party to fulfill its obligation covered by the guarantee. Maximum potential payments under guarantees total $1.9 million and $6.8 million as of September 30, 2014 and 2013, respectively. This is a reduction of $4.9 million from 2013. The guarantee expires in December 2014. Our performance risk under these guarantees is reviewed regularly, and has resulted in no changes to our initial valuations.

The entire disclosure for commitments and contingencies.