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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.

Bank holiday travellers face delays

DRIVERS will face congested roads as millions move off on a bank holiday weekend promising to be a mixture of sunshine and showers. The Highways Agency has completed a number of roadworks and suspended others over the holiday, but works remain on some key routes. The AA and traffic information company Trafficmaster have predicted that as many as 17 million cars could take to the roads over the weekend, with numbers swelled by a series of sporting events, music festivals and air shows.

Citroen DS1 & new Citroen C1 2012 reveals

Auto Bild's take on the Citroen DS1 2012 looks set to be another busy year for Citroen, with the new C1 revealed at Brussels in January and a DS1 at Geneva in March. Citroen has certainly found its mojo again in the last couple of years, particularly with the very persuasive range of DS cars. And now it looks like we’re soon to get the baby of the DS range, with the debut of the Citroen DS1 at Geneva in the Spring.