Michael Bay has posted a Transformers 3 update on his site with some big news about the next installment in the Autobot vs. Decepticon franchise. Academy Award winning actress Frances McDormand (Almost Famous), Academy-Award nominee John Malkovich (Jonah Hex), and Ken Jeong (The Hangover, Community) have joined the cast.

According to Deadline, Malkovich will play Sam Witwicky’s “first boss” and McDormand will play a “big role” as the National Intelligence Director. No word yet on Jeong’s role.

Bay also released the identity of the newest Autobot to join the cast – the Ferrari 458 Italia.

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From Bay’s site,

Hey, it’s been a long time since I’ve posted. Just been a little busy.

Transformers 3 has been going very well. We are going to shoot in LA, Chicago, Washington DC, Florida, Texas, Africa, Moscow, and China. On the talent front, we just locked in Frances McDormand and John Malkovich. Both amazing actors I’ve always wanted to work with. We also just got Ken Jeong, he is the super funny actor stuck in the trunk from “Hangover” and the Doctor from “Knocked Up.”

We start shooting pre-shoots in about one month.

I also was at a Ferrari charity event this week raising money for a hospital being built by Ferrari in Haiti. I announced that night the newest Autobot to join Transformers: the Ferrari 458 Italia.

I also want to thank everyone on this site that donated to the Make -A-Wish charity. We raised $20,000 which I will personally be matching. This is a great charity where they make wishes come true for kids who are very ill. We have had many Kids from Make-A-Wish visit us on our Transformers sets and this time we will be posting video of their visits on Transformers 3.

Michael Bay