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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.

Saab unions threaten bankruptcy action over unpaid wages

Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.

Lexus NX compact SUV production starts – first UK deliveries October 2014

The first Lexus NX rolls off the production line We’re not entirely sure the new Lexus NX – revealed in production guise at the Beijing Motor Show in April - will be one of the most driver-focused compact SUVs, but it is a car that should see Lexus sales rise considerably. And the NX is now starting to roll off the production line at Lexus’s Miyata plant in Japan, and Lexus say they already have 6,500 orders for the NX in Japan, and a more modest 350 in the UK. The big seller in the UK – in the absence of a diesel NX – will be the NX 300h with its hybrid setup of a 2.5 litre petrol engine, electric motor and CVT gearbox, but despite promises of good economy (55.4mpg) the real world economy is likely to be significantly less, although its high headline economy will help BIK rates for business buyers.