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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.

Details of UK's £5000 Plug-In Car Grants published

The Government has signed off the Plug-In Car Grants, giving details of which electric cars qualify for the £5000 grants. The incentive means that cars such as the Vauxhall Ampera will cost £28,995, GM confirmed today. Transport secretary Philip Hammond and business minister Mark Prisk announced the scheme and confirmed which areas will qualify for the second round of Plugged-In Places funding - allowing councils to install electric car recharging networks.

Chris Evans buys Ferrari 250 GT California for £5m

By Tim Pollard Motor Shows 19 May 2008 10:36 The ginger motormouth is a well known fan of scarlet sports cars, but even we were surprised when UK broadcaster Chris Evans splashed out £5 million on an immaculate 1961 Ferrari 250 GT SWB California Spyder. Evans blew €7,040,000 on the black sports car, the thirteenth of just 56 built. It was the inspiration for Ferrari's latest 2+2 GT, the new California unveiled in May 2008.The car was sold at this weekend's second annual Ferrari Leggenda e Passione event at Maranello, the specialist auction of all things Ferrari and Maserati.