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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.

Bentley Continental Supersports Convertible (2010): first official pictures

By Tim Pollard First Official Pictures 17 February 2010 10:46 Bentley today opened up its new Continental Supersports Convertible – the soft-top version of the E85-swilling Supersports coupé. It's the fastest rag-top ever to roll out of Crewe's gates, hitting 60mph in 3.9sec and 202mph flat out.The four-seater Conti Supersports Convertible follows closely the format of the 2009 coupé and arrives as Bentley has extended the Supersports' E85 diet across the entire 2011 model year Continental range. It's all part of Bentley's pledge to have every model biofuel-compatible by 2012, a key plank in its bid to make Bentleys acceptable in a carbon-crunched world.

Problems with your McLaren MP4-12C? Have a ‘McLaren: The Wins’ coffee table book

Ron Dennis apologises to McLaren MP4-12C owners A couple of weeks ago we reported that McLaren was having some teething problems with their new MP4-12C but weren’t, despite reports to the contrary, halting production. The problems seemed to be mainly software related, with issues including warning lights flashing on and battery drainage issues, which seemed to be because the MP4-12C’s electronics didn’t turn off when the car was halted. But it seemed McLaren were working on the issues with the same sort of zeal we’ve come to recognise from their F1 programme, no doubt spurred on by the wrath of Ron Dennis.