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News watch July 2011: 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: car news summaries are added from the top hour-by-hour Friday 29 July• The BBC and Sky have a agreed a TV deal for F1, which will see the Beeb only broadcast half of all Grand Prix races from the 2012 season (BBC) • Aston Martin Racing will revert to its older, V12-powered DBR1-2 LMP1 racer for the remainder of the Intercontinental Le Mans Cup (ILMC) while the new straight six-powered AMR-One 'continues to undergo review' (Aston Martin Racing)• Dr Heinz-Jakob Neußer is to take charge of drivetrain development at VW from Volkswagen 1 October 1 2011. His predecessor Dr Jens Hadler is leaving at his own request, and Dr Rüdiger Szengel is to become deputy head of VW's drivetrain development and retain his role as head of petrol engine development (Volkswagen) Thursday 28 July• Porsche today dug the first soil at its €150m extension of the Weissach R&D base.

Bajaj RE60

Bajaj, the Indian manufacturer most famous for its two- and three-wheeled exploits, has now turned its attention to the automotive sector. The RE60 is the end result of a four-year development that first began with partner Renault-Nissan and the Lite concept, before moving solely in-house. The sub-400kg car is powered by a rear mounted engine and was conceived, originally, as a rival to the blighted Tata Nano.

AM DBS becomes the new Aston Martin Vanquish

The new Aston Martin DBS debuted at Villa D’Este as the Project AM310. But it’s going to be the new Aston Martin Vanquish when it arrives. It’s a problem we all face: What do we call our new offspring?