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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 i20 WRC car, ix35 Fuel Cell and i30 3dr (2012)

Hyundai sprung a trio of surprises at the 2012 Paris motor show - by launching the i20 WRC rally car, a three-door version of the i30 hatchback and an ix35 fuel-cell car ready for sale in just a few months' time. Three world debuts for Hyundai at Paris motor show 2012: the i20 WRC rally car The headline-grabbing launch on the Hyundai stand was this rally-ready i20. The Koreans have form here, with an Accent racer, but it last competed in WRC in 2003; now, a decade later, Hyundai plans to re-enter the new WRC with its own in-house team.

MPs call for medicals in whiplash claims

Anyone claiming for whiplash following a crash could be subject to a medical examination before receiving a payout, if MPs get their way. This is a proposal from a report published by the House of Parliament’s transport committee looking at ways to drive down the cost of car insurance. Cost of running a car decreasing Average cost of car insurance down 12.5% When MPs first called for the UK’s whiplash epidemic to be ended, chair of the report Louise Ellman MP said: “Whiplash injuries can have debilitating consequences for those who suffer them.