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Kia Proceed GT (2013) first sketch of Kia's sporty hatch

Here's Kia's answer to Volkswagen's Golf GTi and Ford's Focus ST - the Proceed GT. It's a hot hatch with a 200bhp 1.6-litre petrol engine, and will cost just over £20,000. Look out for its reveal at the 2013 Geneva motor show, with sales starting in summer 2013.

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.

Infiniti prices 2014 QX60 and QX70

Infiniti said last Friday that the 2014 QX70 SUV -- formerly known as the FX -- will start at $45,945, including destination. The 2014 QX60, formerly the JX, will sticker for $42,545. The QX70 comes in both rear-wheel and all-wheel-drive setups, with either a 325-hp, 3.7-liter V6 or a 390-hp 5.0-liter V8.