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Porsche 918 Spyder stars at the 2013 Frankfurt Motor Show

Porsche stunned the world when it unveiled the 918 Spyder as a massive surprise at the 2010 Geneva Motor Show. Finally, three years later, it gets its full production debut at the 2013 Frankfurt IAA Motor Show. Combining a race-spec petrol V8 with twin electric motors, the 918 trades lightweight purity for enormous all-wheel drive performance and astonishingly low fuel consumption.

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.

2011 Peugeot 308 facelift arrives

2011 Peugeot 308 Facelift - sans big gob When we reviewed the Peugeot RCZ last summer, Claire commented that it was a shame the RCZ had come along before Peugeot actually got on with dumping the big-gob front end. And she was right, but at least that roll-out of a new, more refined look is underway with the reveal of the 2011 Peugeot 308. That bulbous and unattractive nose has gone the same way as Tom Jones’ 1960s big hooter, to be replaced by a slimline and elegant new look.