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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.

Singapore Grand Prix Qualifying: Hamilton on pole for Mercedes – Rosberg second

Lewis Hamilton takes pole for Mercedes in the 2014 Singapore Grand Prix How much is seven one thousandths of a second in distance on a qualifying lap for the Singapore Grand Prix? About 45cm, and that’s all it took for lewis Hamilton to take pole position for tomorrow’s race from team mate Nico Rosberg in the dying seconds of final qualifying. Mercedes may have closed out the front row for tomorrow’s race, but they didn’t do it in the dominant way that has been the picture for the current season so far.

BASF annual color trend report

Materials giant BASF has presented the findings of its annual color trend report, created by a team of designers scouting out global textile and furniture trade shows for information. And while some may think color trends are simply at the whim of designers, BASF's report identifies influences such as socio-political climate, interior design, architecture, technology and pop culture. 'Green luxury' is not an oxymoron The trend towards blues is continuing, while earthy tones and colors also reflect ecological awareness.