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News watch June 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 29 June 2012• As predicted, BMW and Toyota today announced the next stage of their cooperation to jointly develop powertrains, lightweight technologies, fuel-cells and future platforms (BMW and Toyota)• Today's announcement follows the initial agreement signed in December 2011; in March 2012, BMW and Toyota signed a binding agreement to work together on lithium-ion battery research and for Munich to supply Toyota with diesel engines from 2014 • Now Toyota and BMW have signed a memorandum of understanding to cooperate on the electrification of car powertrains, research into lightweight technologies, develop fuel-cells and to consider future vehicle architectures – 'for a sports car, for example'• Renault will cut 300 jobs at its Flins plant near Paris, it announced today. The factory builds the Clio and is preparing for the new Zoe ZE too (Automotive News Europe)• Ford has warned its pre-tax operating profit in the second quarter will be 'substantially lower' than before.

McLaren names six of 10 North American dealerships to sell the MP4-12C

McLaren Automotive has set up a North American operation and named six of the 10 dealers it will use to sell the MP4-12C sports car. McLaren's North American headquarters will be based in New York City. The six dealers named to get McLaren franchises are: -- The Auto Gallery, Beverly Hills, Calif.

Maserati GranCabrio Frankfurt Press Release

Maserati launched the GranCabrio at Frankfurt. Press release below. The open-top GranCabrio is pure Maserati.