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  • Dec 22- U.S. auto parts supplier LKQ Corp said it would buy Italy's Rhiag-Inter Auto Parts Italia SpA in a deal valued at 1.04 billion euros on an enterprise basis to expand in Europe. Rhiag, owned by private equity firm Apax Partners LLP, has operations in Italy, Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain.

  • LKQ Corp to buy Italy's Rhiag-Inter Auto Parts Tuesday, 22 Dec 2015 | 7:18 AM ET

    Dec 22- Auto parts supplier LKQ Corp said it agreed to buy the holding company of Italy's Rhiag-Inter Auto Parts Italia SpA in a deal valued at 1.04 billion euros on an enterprise basis.

  • BERLIN, Dec 16- German environmental lobby group DUH turned on carmaker Daimler on Wednesday, saying test results had shown nitrogen oxide emissions from one of its Mercedes diesel models far exceeded European legal limits. Daimler described the results from a Mercedes C-Class 200 CDI as "questionable", saying the model used technology that met European Union...

  • BERLIN, Dec 16- German environmental lobby group DUH turned on carmaker Daimler on Wednesday, saying test results had shown nitrogen oxide emissions from one of its Mercedes diesel models far exceeded European legal limits. Citing tests carried out by the University of Applied Sciences in Bern, Switzerland, DUH told a news conference that the model had...

  • German prosecutors investigate Bosch staff over VW Wednesday, 16 Dec 2015 | 4:06 AM ET

    FRANKFURT, Dec 16- Public prosecutors in the German city of Stuttgart are investigating whether staff at auto parts supplier Robert Bosch GmbH were involved in the rigging of emissions tests by Volkswagen, the prosecutor's office said on Wednesday. Stuttgart- based Bosch, which makes a diesel engine management programme used by several top automakers...

  • FRANKFURT, Dec 15- IBM will make Munich the global headquarters for its push to build out the industrial Internet, capitalizing on a critical mass of automotive, electronics, healthcare, insurance and manufacturing companies centred in southern Germany. IBM said on Tuesday that it will employ 1,000 staff to work with customers on industrial Internet projects...

  • Nikkei slips as sliding oil, firmer yen hurt sentiment Wednesday, 9 Dec 2015 | 9:41 PM ET

    Panasonic Corp shares fell 1.4 percent to a 1-1/ 2 month low during the morning session, while Nissan Motor Co Ltd slipped as much as 2.1 percent to a 5-1/ 2 week low. Bridgestone Motor Corp shares fell 1.9 percent after U.S. auto parts retailer Pep Boys rebuffed the tire maker's bid to buy the company in favor of a proposal from Carl Icahn. Department store operator...

  • Dec 9- U.S. auto parts retailer Pep Boys- Manny, Moe& Jack said it planned to terminate its deal with Bridgestone Corp after its board determined that Carl Icahn's offer was a "superior proposal." Pep Boys said Bridgestone has three days from Dec.8, when the notice was delivered to the Japanese tiremaker, to make a new offer. Carl Icahn offered $15.50 per share for Pep...

  • NEW YORK, Dec 9- Activist hedge funds, once trusted allies to private equity firms in their pursuit of companies, are emerging as their rivals. "They're going to be converging on each other's turf," said Tyson McCabe, senior director for Nasdaq OMX advisory services, which provides shareholder analysis for companies trading on the exchange. Activist firms such as...

  • DETROIT, Dec 8- Union workers at Nexteer Automotive Group Ltd's plant in Saginaw, Michigan, reached a tentative agreement on a new contract late on Tuesday and will return to work after a nearly day-long strike, officials from the United Auto Workers said. Nexteer, controlled by a unit of Aviation Industry Corp of China, was formerly part of GM and remains a major...

  • DETROIT, Dec 8- Union workers at Nexteer Automotive Group Ltd's plant in Saginaw, Michigan, walked off the job early Tuesday after rejecting a proposed contract, halting production of steering systems and other components essential to vehicle production by General Motors Co and other automakers. Ford Motor Co said in a statement that Nexteer's Saginaw...

  • DETROIT, Dec 8- Union workers at Nexteer Automotive's complex in Saginaw, Michigan, walked off the job early Tuesday after rejecting a proposed contract, halting production of steering systems and other components essential to vehicle production by General Motors Co and other automakers. United Auto Workers union Local 699 announced the strike on its...

  • Dec 7- Carl Icahn offered to buy Pep Boys-Manny, Moe& Jack in a deal valuing the U.S. auto parts retailer at about $837 million, trumping Japanese tire maker Bridgestone Corp's offer of $810 million. Icahn Enterprises LP offered $15.50 per Pep Boys share in cash, a 1.2 percent discount to Friday's close, but higher than Bridgestone's offer of $15 per share, also in cash.

  • Dec 7- Carl Icahn's Icahn Enterprises LP offered to buy auto parts company Pep Boys- Manny, Moe& Jack in a deal valued at about $837 million. Japanese tire maker Bridgestone Corp said in October that it would buy Pep Boys for $835 million. "We believe our proposal is clearly superior to the $15.00 per share Bridgestone transaction," Icahn Enterprises' Chief Executive...

  • Dec 7- Carl Icahn's Icahn Enterprises LP offered to buy auto parts company Pep Boys- Manny, Moe& Jack in a deal valued at about $834 million. Japanese tire maker Bridgestone Corp said in October that it would buy Pep Boys for $835 million. "We believe our proposal is clearly superior to the $15.00 per share Bridgestone transaction," Icahn Enterprises' Chief Executive...

  • That has prompted local carmakers to eye exports to minimise losses, while Ford's rival General Motors Co quit Russia. Ford has a presence in Eastern Europe with a factory in Romania but it does not produce all of the models there that it produces in Russia, where it makes the Fiesta, Focus, EcoSport and Transit, among others. Ford sold around 30,500 cars in Russia in...

  • US STOCKS-Plunging oil prices drag down Wall Street Monday, 7 Dec 2015 | 9:56 AM ET

    *Brent crude near 7- year lows after OPEC's meeting last week. *Keurig soars on $13.9 bln buyout offer. Dec 7- Wall Street was lower at the open on Monday as Brent crude prices fell to their lowest in nearly seven years after OPEC's meeting ended last week without a reference to its output ceiling.

  • *Brent crude edges to 2015 lows after OPEC's meeting last week. Brent crude prices was just a whisker away from their 2015 lows on Monday after OPEC's meeting ended last week without a reference to its output ceiling. "At this moment, a rate hike is a foregone conclusion and if the Fed misses the opportunity to raise again next week, it will reintroduce uncertainties...

  • BOSTON, Dec 4- Billionaire investor Carl Icahn reported on Friday that he now owns 12.12 percent of auto parts company Pep Boys-Manny, Moe& Jack, which agreed to sell itself to Bridgestone in October, and said its retail automotive parts segment would be a perfect fit for rival Auto Plus. The move comes less than two months after Pep Boys agreed to sell itself to...

  • MONTREAL, OTTAWA Dec 1- Canada's Liberal government should commit to a 12- nation Pacific Rim free-trade deal inked by the country's former leaders, but it also must invest further in local auto assembly, a group representing auto-parts manufacturers said Tuesday. The Automotive Parts Manufacturers Association said the Trans-Pacific Partnership will...