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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.

Seeing and being seen are keys to winter-driving safety

It's that time of the year when we here at AutoWeek feel duty-bound to give you a primer on winter-driving safety. We are compelled to tell you to steer in the direction of the skid, to stock emergency supplies in your trunk, to make sure your car is shod with the proper rubber to get you through the season. But winter brings more than snow, ice and cold.

Schumacher being taken out of coma

MICHAEL SCHUMACHER is being slowly brought out of his induced coma but a leading neurosurgeon has warned it remains too soon to determine his long-term prognosis. Seven-times Formula One world champion Schumacher, 45, has spent the last month in the University of Grenoble hospital fighting for his life after sustaining brain injuries following a skiing accident in the resort of Meribel. Concern was growing as to whether he would ever make a recovery, or even wake again, but manager Sabine Kehm has now provided official confirmation that steps are under way to bring him out of his coma following the accident on December 29.