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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.

2012 Lamborghini Aventador completes a mad trio of supercars headed to market

If you thought the struggling global economy or high fuel prices might be hurting the world's supply of top-notch supercars, think again. Since March, AutoWeek editors have taken the wheel of not one, not two, but three of the most insane superperformers on the planet: the McLaren MP4-12C, the Ferrari FF, and most recently, the Lamborghini Aventador LP700-4. We see a few common threads: lots of lightweight aluminum and carbon-fiber materials, engines punching out more than 590 hp, automated-manual gearboxes, and prices that put them up against the average price of a three-bedroom home in most markets.

Volkswagen XL Sport Concept gets Ducati power: Paris 2014

The Volkswagen XL Sport Concept (pictured) gets Ducati power The Volkswagen XL 1 may well be an impressive ‘Supercar’ (that’s super-economical, rather than plain ‘super’), but it’s a daft amount of money and, unless you’re trying to make a ‘Green’ statement, not for everyone. But this Volkswagen XL Sport Concept is a more appealing car – both visually and mechanically – as VW take the XL 1 and rework it in to a sports car with a little help from Ducati. Because under the skin of the XL Sport lies a 197bhp V2 that’s come from Ducati (just as we reported a year ago) and delivers 197bhp through a seven-speed dual-clutch ‘box, with a reduction gear between engine and gearbox to boost torque, revs to 1,000 rpm and can get to 62mph in 5.7 seconds on its way to a top speed of 157mph.