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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.

2011 Ford Harley-Davidson F-150 gets power boost from the Raptor SVT

Ford is Raptorizing one of its top-flight F-150s for 2011, adding more power underhood to go with the loads of looks and leather that are the hallmarks of the Harley-Davidson edition. The 2011 model is fitted with the 6.2-liter V8--first offered in the Raptor SVT--that makes 411 hp and 434 lb-ft of torque while towing up to 9,300 pounds. That's a monster upgrade from the previous edition, which displaced 5.4 liters and made 320 hp and 390 lb-ft.

Boy, 3, takes family car for a spin

A THREE-YEAR-OLD boy took his family's car for a ride - and drove down two embankments in West Sussex before ending up in a pub garden with just a bumped head. The boy started up the engine to the automatic Subaru Impreza and drove off down the family's long driveway in Henley, near Midhurst. He then carried on, driving down two embankments before ending up in the garden of the nearby 16th Century Duke of Cumberland Arms pub.