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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.

Nissan Juke-R – first picture

Nissan Juke-R - the first official picture from Nissan With all things in the car world seemingly focused on fluffy bunnies and green halos, it’s great to see Nissan pushing the envelope at the other end with the Nissan Juke-R, a bonkers version  of Nissan’s compact SUV with the heart of Godzilla – the Nissan GT-R. We first reported the Juke-R – which we dubbed ‘Super Juke’ - at the end of last month when we didn’t know whether the Juke-R would be a one-off or a production model. But within weeks Nissan had come out and confessed our Juke-R story was real and that they really were working on a monster Juke with the heart of a Nissan GT-R.

Lincoln offers free maintenance for three years on new cars

If you buy or lease a new Lincoln, forget about paying for routine maintenance for awhile. Lincoln announced a promotion starting Friday that offers free scheduled maintenance for three years or 45,000 miles. The incentive runs through Sept.