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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.

Hyundai Arnejs

Hyundai has released this sketch of the Arnejs (ar-nez), a new hatchback that will represent the Korean firm in the busy European C-segment. The Arnejs is sister to the Kia C'eed, and will be on the road by Summer 2007 following its production preview at the Paris Motor Show.  The C'eed itself will be shown in production form nearby, ready for Fall sales this year. Expect engines to be shared between the two.

Lexus LF-Ch – Official release ahead of Frankfurt

Official pictures of the Lexus LF-Ch premium Hybrid Well, Lexus didn’t really have much choice after their new baby – the Lexus LF-Ch – leaked like a sieve from every outlet at Lexus. First we had a leaked front shot of the LF-CH, followed soon after by a leak of the full set or release pictures. So, pragmatically, Lexus has bitten the bullet and sent us all the details.