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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.

Skoda Fabia concept

By Tim Pollard Motor Shows 06 March 2007 03:50 Skoda looks to the Mini for Fabia body kit Expect to see some Mini-inspired styling cues on Skoda's new Fabia, taken from this concept car unveiled today at the Geneva show. Tucked in a corner alongside a rally car concept, the funked-up Fabia had a silver roof and door mirror caps; although not yet officially confirmed for production, officials reckon the new look will make it to showrooms, unlike a Fabia Scout faux-by-four, which was ruled out. The Fabia goes on sale in May for around £8000.

Bugatti Galibier – update +Video

Interior view of the Bugatti Galibier four door concept We’ve also managed to get hold of a few decent sized images, including the interior of the Galibier. Which does look pretty good. Bugatti have said they want it to be the epitome of luxury but minimalist.