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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.

Lexus, Subaru, Mazda score highest Consumer Reports' rankings

Japanese brands, led by Lexus, Subaru and Mazda, continue to dominate Consumer Reports' rankings of the best light vehicles on the market, claiming "top pick" honors in seven out of 10 product segments and capturing the top seven spots for overall brand reliability and performance. The brands that scored best on the magazine's report cards for 2013 were Lexus, with a score of 79 out of 100, followed by Subaru and Mazda, which both scored a 76. Toyota, Acura, Honda and Scion rounded out the top seven.

Hyundai/Kia – the Hydrogen push.

Hyundai and Kia are making huge strides in to the mainstream car buyer’s conscientiousness. They’ve managed – in just a short time – to move from being an almost laughably cheap option for buyers with no money and even less taste to cars that offer serious and credible alternatives the best from Europe and Japan. So we now think of Hyundai and Kia as a formidable threat to established car makers, but not exactly innovators and pioneers.