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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 confirms Q30 concept unveil in Frankfurt

Infiniti is to unveil the Q30 concept C-segment hatchback at next month's Frankfurt motor show. The Q30 concept, which has been previewed in a sketch, could be a pre-production version of the Etherea – first seen at the 2011 Geneva motor show –based on the same platform as the Mercedes-Benz A-Class. It's the carmaker's latest exploration into new premium segments and signifies an expansion of its product range as it moves to strengthen its global position.

Hyundai ix20 photo

The Hyundai x20 - First Photo In its quest to take over the world, Hyundai has revealed – well, we now have a photo instead of the tease sketch we got at the start of the month – the Hyunda ix20, a small MPV/Crossover which is actually just about ready to roll – Hyundai say it will go on sale in the UK in November. So, it’s an all new MPV from Hyundai; little brother to the ix35? Sort of.