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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.

John Teller: Diesel truck mechanic, Olympian

Sorting through the cable listings, trying to pick out which of the six million events to watch in the winter Olympics this February, you can be forgiven if you find the sheer volume overwhelming. Who knows the difference between the two-man luge and the biathlon? No one does, that's who.

General Motors boosts output of the Cadillac CTS V6 for 2012

General Motors has reworked the 3.6-liter V6 engine used in the CTS for the 2012 model year, boosting output while maintaining the fuel-economy ratings of the less-powerful V6 from 2011. The 2012 version of the V6 delivers 318 hp and 275 lb-ft of torque. That compares with 304 hp and 273 lb-ft for the 2011 version.