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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.

BMW introduces diesel 2015 X3 before Chicago Auto Show

BMW's successful X3 SUV is getting new features for 2015, the company said on Wednesday before the Chicago Auto Show. For the first time in the U.S., a diesel engine will be offered on the midsized 'ute, as will a lower-cost rear-wheel drive model. The BMW X3 xDrive28d -- quite a mouthful -- will deliver 180 hp and a robust 280 lb-ft of torque using a 2.0-liter, TwinPower turbo diesel engine.

Koons's BMW Art Car to race at Le Mans

BMW will field the latest in its long series of Art Cars at the 24 Hours of Le Mans, June 12-13. This is the 17th Art Car commissioned by BMW. Jeff Koons follows others such as Roy Lichtenstein, Andy Warhol and Jenny Holzer in designing an Art Car.