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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.

OFFICIAL: Spyker B6 Venator Spyder debut at Salon Prive – but you knew that

The Spyker B6 Venator Spyder (pictured) will get a UK debut at Salon Prive It’s amazing how much noise Victor Muller can make for his Spyker projects, even though we’ve seen nothing of real substance from Spyker since the Aileron. But we have seen the B6 Venator – even if it is entirely someone else’s car under the skin – and as we revealed back in July, the open-topped version of the Venator – the Spyker B6 Venator Spyder – got its first reveal at Pebble Beach earlier this month. The Venator Spyder is now heading for a proper public debt at Geneva, but as we exclusively reported back in June (well, we reported the whisper on the grapevine) Victor Muller is heading for a lobster and Champagne weekend at Salon Prive first to show the Venator Spyder.

Volkswagen CrossBlue Coupe photos arrive early

We didn’t expect the CrossBlue Coupe to look quite as dramatically ‘squashed’ as the design sketches, and it doesn’t. But it does look like a decidedly rakish SUV with a distinctly more coupe look than the full-sized CrossBlue SUV we saw at Detroit in January. Apart from being sleeker than its boxy sibling, the CrossBlue Coupe is also less compendious, and drops the full 7-seats the Crossblue had in favour of a 5-set layout.