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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.

Vauxhall Ampera Hybrid – No range anxiety

The Vauxhall Ampera goes on a 350 mile run We’ve been moaning quite a bit about the claims being made by car makers for their electric cars. We understand that a big drawback for buyers is ‘Range Anxiety’, a completely understandable concern when you can’t exactly pull over and top up your electric. So we asked Secretary of State Philip Hammond to look at legislation on range claims by electric car makers so buyers can make a judgement on the facts, not the fiction.

Goodwood Revival 2008 hosts £85m historic grid

By Ben Whitworth Motor Shows 15 September 2008 12:14 This weekend’s Goodwood Revival 2008 is set to be the most expensive yet – the grid for the Royal Automobile Club TT Celebration race has been independently valued by Bonhams automotive auction house at an eye-watering £85 million. The valuation for the one-hour, two-driver race closed-cockpit GT cars – which originally took place at Goodwood between 1960 and 1964 – makes it the most expensive grid of historic racing cars ever to appear together in one race. Goodwood Revival 2008: the drivers' list Derek Bell, Martin Brundle, Patrick Tambay, Jean-Marc Gounon, Christian Horner, Richard Attwood and Jackie Oliver will take to the fast and tight circuit in some of the finest and most valuable GT racers ever produced.The list of entrants reads like a Who's Who of schoolboy fantasy garages, including the Ferrari 250 GT SWB, GTO and 330 LMB, AC Cobra and two original Shelby American Cobra Daytonas, an Aston Martin DB4 GT Zagato and Project 214, plus the Lightweight Jaguar E-types.