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Lexus RC to debut at Tokyo Motor Show

The Lexus RC coupe will bow at the Tokyo motor show later this month. The RC 350 will sport the 3.5-liter V6 while the RC 300h will get a 2.5-liter four with a hybrid system. Lexus says the RC was built to raise the brand's profile with a broader audience.

Kia, Chrysler, VW set pace as December sales advance 9 percent

Kia, Chrysler and Volkswagen posted some of the strongest sales gains for December as the industry closed out 2011 on a high note. Automotive News estimates December volume was up 9 percent to 1.24 million from a year earlier--in line with analysts' forecasts. Total industry sales were projected at 12.78 million for the year, up from 2010's total of 11.6 million and the 27-year low of 10.4 million in 2009.

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.