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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.

One Lap of the Web: Forsberg can't stop, won't stop drifting

-- Jann Mardenborough won the "Nissan GT Academy" back in 2011 and since then has finished on the podium at the 24 Hours of Le Mans, as well as participating in the Infiniti Red Bull Racing driver program with aspirations of Formula One. He explains what it's like to move on from video games -- which he started playing at age 7 -- and transitioning into real sports cars. Mardenborough, it must be said, once drove too fast in British GT to be considered an amateur, but not quick enough to enter the pro class -- and race organizers, who didn't know what else to do, gave him a time penalty so the amateurs could catch up.

Ford Mustang 50th celebration gets two venues

Ford is planning for a big turnout next year, April 16-20, for the Mustang's 50th birthday party. So big, in fact, that it secured two venues on opposite sides of the country: Charlotte and Las Vegas Motor Speedway. Those venues will provide 282,000 seats for fans of the pony car, as well as a boatload of space in the infield and nearby.