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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.

Citroen C4 Grand Picasso (2013) first official pictures

This is the cavernous new Citroen C4 Grand Picasso, a bigger version of the C4 Picasso MPV we recently tested. The Grand Picasso stands 4590mm long – the same as its predecessor – but sees its wheelbase stretched to the longest in its class for maximum cabin space and enormous door openings. What it does share with the regular Picasso is a lightweight body structure and frugal downsized engines.

Nissan Juke Nismo unveiled at Tokyo Auto Salon

The Nissan Juke is a polarizing proposition -- detractors claim it’s the worst thing since the Pontiac Aztek, even as its fans embrace its quirky styling. If you’re in the former camp, you’re probably not going to like the 2013 Nissan Juke Nismo. Just unveiled at the 2013 Toyko Auto Salon, the crossover’s baroque curves are clad in a substantial body kit that includes a reshaped front bumper, redesigned spoiler, LED fog lights and new side skirts.