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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.

Fiat 500L – Production version of Elle-Zero at Geneva 2012

The Fiat ElleZero becomes the Fiat 500L for production Fiat has confirmed that the Elle-Zero will debut at the Geneva Motor Show as the Fiat 500L Compact MPV. Earlier this month we reported that Fiat were heading to the Geneva Motor Show in March with a new compact MPV – the Fiat Elle-Zero, which they are. But instead of using the code name for the new mini MPV as the production moniker, they’ve decided the new car will join the 500 family as the Fiat 500L.

Nissan's Google Glass rival keeps you connected to social media [w/Video]

Nissan will premiere a wearable heads-up display (HUD) at next week's Tokyo motor show. The Google Glass-like 3E prototype can connect to the Internet in real-time, allowing users to overlay information onto the lens, record projected images and communicate with others by sending information to their device. This is likely to include vehicle performance analysis and the driver's vital signs as well as social media feeds for increased connectivity if its recently released Nismo smartwatch is anything to go by.