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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.

Hamann BMW M5 tuning package announced

German tuner Hamann will upgrade and modify Land Rovers, McLarens, Mercedes-Benzes and more, but its real expertise is in BMWs. The company has just announced an upgrade package for the new generation of BMW M5 sedans. Hamann's body kit adds 25 millimeters on the rocker panels and the rear diffuser, while the front lip is extended by 30 millimeters.

Union calls on Nissan to recognise workers

Nissan must surely be on the crest of a wave right now, celebrating its success at the 2014 What Car? awards, where it picked up the reader’s choice prize for the next generation X-Trail, and saw the all-new Qashqai take both the small SUV and the overall Car of the Year trophy. It’s also just announced that its Sunderland plant – where the old and now the new Qashqai are assembled – has built over a million vehicles in the last two years.