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Lamborghini SUV – Rumour mill in overdrive

Is this the new Lamborghini SUV? The new car rumour mill has gone in to overdrive on Lamborghini, with claims of two new models at Geneva and a Lamborghini SUV at Beijing. Lamborghini is on record as stating that it will be bringing a new model to each new motor show in the next two years, which is some claim for a car maker with just two models in its range.

London to increase pedestrian crossing countdowns

MORE PEDESTRIAN crossings will get "how-long-have-I-got?" countdown signs as part of a new safety action plan for London's roads. The pedestrian countdowns will be extended to include around 10% of the capital's crossings, Transport for London (TfL) said. The plan also includes trials of innovative collision detection software on London buses this summer.

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.