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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.

New Suzuki Swift Sport (2012) revealed – well, one photo.

The first photo of the 2012 Suzuki Swift Sport At the Geneva Motor Show in the Spring we got a sport concept of the new Suzuki Swift which Suzuki dubbed the Swift S-CONCEPT, even though we all knew it was a great big signpost towards the new Suzuki Swift Sport. And so it was, with the news last month (thanks to a an email from Suzuki in Russia announcing the 2012 Swift Sport ahead of the game) that the Swift Sport was heading for a production-ready debut and going on sale in 2012. So it’s not exactly a surprise that Suzuki has sent us a single image of the 2012 Swift Sport to tease us in to a full debut at Frankfurt.

Honda Element production to end

The 2011 model year is the last one for the Honda Element, Honda said on Friday, marking the end of an eight-year run for the boxy, small SUV. The reason? Declining sales.