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.

Mercedes GLK at Detroit

By Guy Bird First Official Pictures 15 January 2008 21:28 When the pictures of Mercedes’ new small SUV concept were shown prior to Christmas, there were plenty of pained expressions in the CAR office. To be honest, the cars look little better in the metal. Aiming to draw inspiration from the iconic boxiness of the legendary G-Wagon and the more car-inspired sculptural curves of the huge GL-class, the resulting melange does no credit to either.

Hey Craig Jackson, how did the auction go?

Plenty of people were surprised this week that the original Batmobile sold for $4.6 million* at Barrett-Jackson. And few were more surprised than Craig Jackson, the ringleader behind the mega-million-dollar auction in Scottsdale. The last time we spoke to him, he had estimated the original Batmobile to be worth somewhere around $2 million (later $3-4 million, as he now said).