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News watch June 2012: today's auto industry news
Fri, 29 Jun 2012Welcome 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.
Mercury stores get quick way out: Dealers sell new cars as used
Mon, 15 Nov 2010Expect strong Mercury sales numbers for November. Last week, some Mercury dealers pushed to move out their inventory--or at least take final incentive payment from the company and report the vehicles as sold--by Friday, Nov. 12.
Skoda Octavia (2013): first official pictures
Tue, 11 Dec 2012This is the new 2013 Skoda Octavia. For its third generation, the Octavia gets its cleanest, most efficient engines yet and the full gamut of tech upgrades available on the new Mk7 Golf - all wrapped up in a more sober, Czech-style package. The new Octavia is also lighter than the old car and, with the arrival of the mid-sized Rapid, has grown from family hatch proportions to fight the Ford Mondeo and Vauxhall Insignia.



