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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.

MINI Cooper S & MINI JCW UK Recall

MINI JCW & Cooper S recalled Following on from the US MINI Recall, MINI UK is to recall 29,000 MINI Cooper S and MINI JCW models to fix a faulty circuit board. Yesterday we reported that MINI in the US is to recall 89,000 MINI Coopers to fix a faulty circuit board on the turbo’s auxiliary water pump, and we now learn the recall will be worldwide – although is DOESN’T include the MINI Cooper. It seems the US authorities got it all in a bit of a muddle and included the MINI Cooper in the recall announcement, even though it doesn’t have a turbo and the recall relates to a potentially faulty circuit board on the auxiliary water pumps that cool the turbos.

Hyundai Veloster Race Game in Times Square (video)

Hyundai Veloster Race Game in Times Square Hyundai has set up their LED screen in New York’s Times Square so passers-by can play a race game from an iPhone app. You’ve got to hand it to Hyundai – they certainly know how to raise awareness and hit the Zeitgeist. From the modern day equivalent of Lada and Yugo to a serious threat to car makers from Europe and Japan in less than a decade, it’s not just their cars that have come a long way – their PR has too.