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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.

Aston Martin V8 Vantage S launches

The Aston Martin V8 Vantage S - available as Coupe or Roadster The Aston Martin V8 Vantage S has launched with an extra 10bhp over the regular V8. Just 10bhp more than the regular V8 doesn’t sound a lot, but there is more than just a smidge of extra power to the V8 Vantage S. The extra 10bhp the V8 Vantage S gets is tweaked from the regular Aston Martin V8 Vantage, but there’s also an extra 15lb/ft of torque.

Carmel kicks off concours craziness

Consider the Monterey car week begun! The Carmel-by-the-Sea Concours-on-the-Avenue launched with its best-ever crowd and what many were calling the best-ever show for the free-to-the-public event held every Tuesday before the Pebble Beach Concours on Ocean Avenue in Carmel. Eighteen blocks total were shut to traffic and jammed with collector cars, everything from classic 911s celebrating that car's 50th anniversary to Ferraris, Trans Am racers and a whole block of Shelby Cobras.