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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.

Bentley Continental GT Speed (2012) first pictures

For the would-be Bentley Continenal owner who can't bring themselves to stoop to the level of the entry-level V8 model, and feel the standard W12 car is too slow, Bentley has created a new Continental GT Speed. Designed to appeal to more driving-focused Bentley customers, there's a package of mechanical, cosmetic and interior changes to push the Conti into full-on supercar territory. So, is the Bentley Continental GT Speed faster than before?

One in six drivers admits 'bump parking'

ALMOST one in six drivers admits to deliberately letting their car hit an adjacent one when trying to park. Known as ‘bump parking’, it means drivers simply carry on moving until they hit the car they’re heading towards. The figure rises to a shocking 26% – more than a quarter – among those living in London, with UK-wide drivers aged 18-34 recording the same statistic.