According to The Hollywood Reporter, Justin Lin has been signed to direct Universal Pictures' tentatively titled The Fast and the Furious 3.

Lin, who established himself on the independent film scene with 2002's Better Luck Tomorrow, will shoot the sequel to Universal's two previous car race movies in the fall on locations in the U.S. and Asia.

Neal H. Moritz, who was producer on the first two films, will produce the latest installment, written by Chris Morgan (Cellular).

The new film will be set in Tokyo amid the underground world of Japanese drift racing.