Billy Wong is a New York City cop whose partner is gunned down during a robbery. Billy and his new partner, Danny Garoni, are working security at a fashion show when a wealthy man's daughter, Laura Shapiro, is kidnapped. The Federal authorities suspect that Laura's father is involved with Mr. Ko, a Hong Kong drug kingpin, so the NYC police commissioner sends the two cops to Hong Kong to investigate.
A cross-country road race is based on an actual event, the Cannonball Baker Sea to Shining Sea Memorial Trophy Dash, organized by Brock Yates to protest the 55 mph speed limit then in effect in the U.S. The Cannonball was named for Erwin G. "Cannonball" Baker, who in the roaring 20's rode his motorcycle across the country. Many of the characters are based on ruses developed by real Cannonball racers over the several years that the event was run.
The original characters from the first Cannonball Run movie compete in an illegal race across the country once more in various cars and trucks.
A young Asian American martial artist is forced to participate in a brutal formal street-fight competition.
Filmmaker Alan Smithee finds himself the unwilling puppet of a potentially bad, big budget action film which he proceeds to steal the reels and leave the cast and crew in a frenzy.
When Hong Kong Inspector Lee is summoned to Los Angeles to investigate a kidnapping, the FBI doesn't want any outside help and assigns cocky LAPD Detective James Carter to distract Lee from the case. Not content to watch the action from the sidelines, Lee and Carter form an unlikely partnership and investigate the case themselves.
It's vacation time for Carter as he finds himself alongside Lee in Hong Kong wishing for more excitement. While Carter wants to party and meet the ladies, Lee is out to track down a Triad gang lord who may be responsible for killing two men at the American Embassy. Things get complicated as the pair stumble onto a counterfeiting plot. The boys are soon up to their necks in fist fights and life-threatening situations. A trip back to the U.S. may provide the answers about the bombing, the counterfeiting, and the true allegiance of sexy customs agent Isabella.
After a botched assassination attempt, the mismatched duo finds themselves in Paris, struggling to retrieve a precious list of names, as the murderous crime syndicate's henchmen try their best to stop them. Once more, Lee and Carter must fight their way through dangerous gangsters; however, this time, the past has come back to haunt Lee. Will the boys get the job done once and for all?