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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.

General Motors recalls Chevrolet Impala police cars to repair suspension part

General Motors is recalling 36,413 Chevrolet Impala police vehicles from model years 2008 to 2012. The problem is with the front lower control arm, which may fracture. GM says it may cause tire chirping at low speeds and could result in loss of control of the vehicle at higher speeds, leading to a crash.

Getting schooled at the Mitsubishi Lancer Evolution Experience

You don't need snow or ice to enjoy the thrills of sliding an all-wheel-drive car sideways, as evidenced by a day at the Mitsubishi Lancer Evolution Experience at Infineon Raceway. The class, operated by the instructors of the Jim Russell USA Racing Drivers School, involves time on coned-lined paddock courses and a large skid pad. But the real fun comes when you put what you've learned to good use on one of the country's most fun racetracks, the 2.52-mile 12-turn Infineon Raceway in Sonoma, Calif.