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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.

Infiniti FX37 & FX50 – UK details

Infiniti releases details of the UK specifications and prices for the Infiniti FX range As with the G37, the Infiniti FX range offers plenty of kit for your money and a decent build quality. But it’s throwing itself not just in to the firing line of the Lexus RX450, but also the Porsche Cayenne and the BMW X6. Probably as well that Nissan expect the Infiniti FX to ‘be a rare sight on UK roads’.

'Super salesman' calls time on 100,000-sale career

A SO-CALLED ‘super salesman’ is calling time on his career after notching up an incredible 100,000 car sales over half a century. Ken Searle, who works for Benfield Motor Group in the North East, started with British Leyland before moving to a new team selling Datsun cars when they first arrived in Britain. A proud Ken said: “I’ve loved every minute of my career and I wouldn’t have changed a thing.