diff --git a/NEWS b/NEWS
index 11198e94..a42f8fa9 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,12 @@
+= RubyMotion 1.33 =
+
+  * Added a feature which creates `Default-568h@2x.png' in resource directory
+    by `motion create' in order to support 4-inch screen by default.
+  * Fixed a bug in build system which cannot compile an app if it contained
+    the incompatible character encoding in UTF8_MAC and UTF-8 as app name.
+  * Fixed a bug in simulator mouse-over which cannot select a view when rotated
+    an iOS simulator.
+
 = RubyMotion 1.32 =
 
   * Added support for Xcode 4.6 and iOS 6.1 SDK.
diff --git a/vm b/vm
index 217b0de4..2e912a8b 160000
--- a/vm
+++ b/vm
@@ -1 +1 @@
-Subproject commit 217b0de499a1a9043d06c1e0bcc9758c57d1a1a4
+Subproject commit 2e912a8b56e9495f8f6cf10b7364729d658a82bf