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News watch June 2010: today's auto industry news
Wed, 30 Jun 2010Welcome 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.
Do you own an iconic car? Would you like to feature in CAR magazine?
Thu, 19 Jun 2014By Tim Pollard Motoring Issues 19 June 2014 14:49 Do you own an iconic car? Perhaps you own a mint original Mini or a landmark supercar? CAR magazine wants to hear from you.
Former GM president James McDonald dies at 87
Tue, 15 Jun 2010James McDonald, who served as president of General Motors Corp. under CEO Roger Smith in the 1980s, died on Sunday at the age of 87. McDonald became president and COO on Feb.