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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.

Five Minutes of The Monterey Motorsports Reunion

Producer Harry Pallenberg is almost done with his historical race track DVD “Where They Raced,” which ghost-hunts all the great race tracks of Southern California, from Beverly Hills board tracks, to Gilmore Stadium to Ascot and Lions drag strip. It should be pretty good when it's done, but it's not done yet. “I am having some issues clearing some of the footage,” Pallenberg said.

Ford Focus Econetic (2012) first official pictures

Ford has released details and pictures of the 2012 Focus Econetic, the eco-efficiency variant of the new Ford Focus range with a hybrid-beating 80mpg claimed. Ford Focus Econetic: 80mpg and 95g/km Ford makes some impressive promises about the efficiency of the new Focus Econetic. The car has yet to be officially homolgated, but Ford has announced it expects 80mpg, and a hybrid-harassing 95g/km from the Focus Econetic's Duratorq TDCI direct-injection turbodiesel engine.