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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.

Design-firm boss Sergio Pininfarina dies after long illness

Sergio Pininfarina, who ran the famous Italian automotive design company of the same name for 40 years, has died after a long illness. He was 85. Pininfarina had the last word on the company's design projects for almost 50 years.

Audi A1 Sportback (2012) first official pictures

Audi is expanding the A1 range with the long-anticipated five-door, the new A1 Sportback. The five-door A1 arrives in showrooms in spring 2012. You won't mistake it -although it's the same length as the three-door A1, at 3950mm, it's 6mm taller and wider to pack in more space for heads and doors.