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News watch June 2010: 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 Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.

July 15: Bars and potholes

Last night I wound up leaving the office around midnight. With traffic finally cleared off the Santa Monica Freeway I flew down the road at between 105 and 115 km/hr. That's 65 to 71 mph.

National Corvette Museum offers free admission to service personnel in November

The National Corvette Museum is showing its appreciation for those who wear the uniform by offering free admission in November. All military personal--plus police officers, firefighters and their immediate families--can get into the Bowling Green, Ky., shrine to America's sports car by showing their service identification. The newly expanded facility features more than 80 rare and classic Corvettes.