Kent-moore J-35013-3 Screw Body (j35013-3) Tool Puller on 2040-parts.com

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.

Volkswagen Passat R36 (2006): first official pictures

By Phil McNamara First Official Pictures 17 November 2006 10:13 VW Passat R36: the lowdown Volkswagen has pulled the wraps off its 'R' flagship Passat – and the five-door is the fastest estate VW has ever made. Scooped by CAR Online a few weeks back, the R36 puts out 296bhp, which launches the estate fromk standstill to 62 in 5.8sec. Available as a saloon, too, the R cars go on sale in early 2007, with prices starting at an estimated £28,000.

Toyota ME.WE Concept: It’s an egalitarian EV

Based on the electric running gear of the Toyota i-Road we saw at Geneva (but with a full set of wheels) Toyota and Massaud have created an urban vehicle that takes transport back to the basics; a 2CV for the 21st century, perhaps, or a grown up home-made kart seems to be where the ME.WE is at. The construction of the ME.WE comprises a tubular aluminium chassis and a pile of interchangeable polypropylene panels that can change the function of the ME.We from city car to convertible to pickup to 4×4 (thanks to electric motors on both axles) and is, by any definition, transport and not a car you’d have to make a statement. Inside is just as basic with a single dial for the instruments, flat surfaces made from bamboo (designers love a bit of bamboo), batteries for the electric motors under the floor and you have to store any luggage on the roof under a weatherproof cover.