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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.

Mercedes B-class (2012): the first look inside

Mercedes is giving its new small car range a much more modern cabin. This first official photo inside the new 2012 Merc B-class reveals a cockpit with distinctive round air vents from the SLK and a heavily stylised dashboard. We've been to Mercedes' Italian design studio to sit inside the new B-class and can report it's a much slicker affair inside.

Carmel Concours stages a strong comeback

The Carmel Concours on the Avenue came back stronger than ever this year, with somewhere around 200 cars crammed into every nook and cranny of downtown Carmel, Calif., and a crowd many were saying was the biggest the event has ever seen. Under unusually blue skies and warm temperatures, the sunscreened faithful ogled a varied and eclectic lineup, from Ferraris and Porsches to the Ford tractor owned by Carroll Shelby's doctor. Beat that, Pebble.