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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.

Maybach Zeppelin comes over the horizon

The Maybach Zeppelin - an even bigger waste of money than the standard Maybach Maybach has not exactly been an unmitigated success for Mercedes. Conceived as a competitor for Rolls Royce, it does seem to have carved itself a niche, but probably not the one that Mercedes wanted. Perceived by most as a tarted-up S Class, and bought by the wealthy of the Playstation generation, rather than the Captains of Industry that Mercedes envisioned, the Maybach must be a loss-maker for Mercedes.

Swansea Metropolitan University degree show 2009

Graduates from Swansea Metropolitan University, based on the South Wales coast, exhibited their final year BA and BSc Automotive Design projects at the National Waterfront Museum recently. A relative newcomer to automotive and transport design - this being only the second BA graduate cohort to graduate - the three-year course at Swansea Metropolitan yields a high standard of work, which has received positive industry support in recent years. With projects ranging from the slightly avant-garde to high-quality next generation or niche vehicles, the students were encouraged to select a philosophical direction that they were passionate about yet also suited their desired future career aspirations.