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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.

Mitsubishi RVR Crossover (2010 / 2011) revealed

The new Mitsubishi RVR Crossover will launch in 2010 When you think of Mitsubishi you either think of big SUVs like the Shogun or you think of slightly bonkers performance cars like the Evo. But in these strange, ‘Green’ times that doesn’t sit well with the public (or at least with car makers perception of what the public think) so car makers are looking to re-align their image. BMW has gone from the ‘Ultimate Driving Machine’ to ‘Joy’, and Mitsubishi wants us to think of it as a maker of fluffy-bunnie, eco-cars that do everything the buyer wants, but eat CO2 for breakfast and run on fresh air.

2013 Subaru Forester: Price from £24,995

The new 2013 Subaru Forester, which debuted at the Los Angeles Auto Show in November, will cost from £24,995 in the UK for the Forester 2.0D X. Those improvements for 2013 include new bumpers and a bigger crease down the side, some new alloys and more toys, like a new Infotainment centre and a SatNav with reversing camera. But the big news is that the new Forester gets a new engine option too, a new 2.0 litre turbo petrol good for 240PS which should make the Foresters ‘last forever’ appeal more enticing when you can have fun forever too.