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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.

SEAT Leon FR+ added to Leon line-up

SEAT Leon FR+ If you have a successful formula, it’s not a bad idea to make the most of it, although it can sometimes be hard to know what to do when it’s your range-topper that’s the big success. But SEAT has a solution. Hence the SEAT Leon FR+ is launched.

New Mitsubishi Mirage: Price from £8,999

The new Mitsubishi Mirage City Car – which replaces the Colt in Mitsubishi’s lineup – will cost from £8,999 in the UK for the Mirage 1.0L. Replacing the Colt in Mitsubishi’s lineup, the new Mirage offers a compact and economical option for buyers with a choice of two engines – 1.0 litre and 1.2 litre 3-cylinder – and three spec levels – Mirage, Mirage 2 and Mirage 3. Aimed to take a piece of the market the VW Group is gobbling up with the Up!