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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.

Is this a tease for the 2015 Volvo XC90?

We’re not entirely sure what to make of a new tease video from Volvo that’s dropped in to our inbox. Volvo are trailing it as a ‘World Première’ for the 17th May, and it’s clear it’s going to be something rugged as the very short video focuses clearly on the great outdoors. The video shows an ‘outdoor’ man walking form a vehicle at the edge of a lake towards a lighthouse  and as the shot pulls out we can see the vehicle he’s walking away from, and it’s clearly an SUV or Crossover.

Zaha Hadid Z-car concept

Zaha Hadid is an Iraq-born and London-based architect, who became the first female recipient of the Pritzker Architecture Prize in 2004. Her ambitious buildings have earned her much acclaim, and having designed the latest BMW factory, Hadid has now turned her sights on cars with the unveiling of the Z-car concept. Not to be confused with the similarly titled Nissan/Datsun, Hadid?s Z-car is a small plastic-bodied monocoque with a prominent lifting door.