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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.

Jaguar to close heritage center, searches for new site

Jaguar says it will close its Heritage Museum in Browns Lane in the United Kingdom in September. The company is looking for a new home to display the collection. “Heritage is extremely important to us,” said Faye Goldstraw, senior press officer for Jaguar U.K.

Audi A1 Clubsport Quattro (2011): a 496bhp mini!

This is the Audi A1 Clubsport Quattro concept, a 496bhp racing concept built for the 2011 Worthersee Tour. The Audi A1 Clubsport Quattro: A gift to VW Group fanatics Each year European VW fans gather on the shores of Lake Worthersee in Austria to celebrate their favourite brand, with an emphasis on the Golf GTI. VW Group has usually provided a suitably insane tuned Golf concept for the occasion, and on the GTI's 35th anniversary that would have been the expected option.