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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.

Frankfurt Motor Show 2007 Trends and Overview

The Frankfurt Motor Show is home to the European moguls of the automotive industry. BMW, Mercedes-Benz, Porsche, the Volkswagen Group, GM Europe and much of Ford Europe all have their head offices within a few hours drive of the Frankfurt Messe, so it's only right that these automakers would bask in the limelight. But instead of competing for bragging rights for the most powerful cars in the range, this year's motor show afforded automakers an opportunity to showcase their environmental credentials and their latest 'innovative' powertrain technologies.

Shelby Supercars SSC TuaTara Interior photos & video

SSC Tuatara Interior photos and video It was back in July that Shelby Supercars revealed that their new supercar wasn’t going to be the Ultimate Aero II, but would get a new moniker – the SSC Tuatara. At the time, Shelby only issued a few photos (well, renderings) of the exterior of the Tuatara, but it looked impressive enough. And even when Jerod Shelby took a real Tuatara to Shanghai a month later to show his new creation to the world’s biggest car market, the doors stayed firmly shut.