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  • 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...

  • *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...

  • WASHINGTON, Dec 1- German auto supplier Robert Bosch GmbH has been accused of conspiring with Volkswagen AG to evade diesel emissions standards in at least 11 million vehicles worldwide in a class action lawsuit filed late on Monday. The lawsuit filed by a New York diesel owner in U.S. District Court in Detroit names Bosch- the world's largest auto supplier- along...

  • Scott Keogh, President of Audi of America, introduces the Audi A3 and S3 during the 2013 Los Angeles Auto Show in Los Angeles, California November 20, 2013.

    President of Audi of America Scott Keogh discusses Audi sales this year, as well as sales of electric and hybrid cars.

  • An employee sews an airbag at Takata's crash-testing facility in Auburn Hills, Michigan, August 19, 2010.

    Shares of scandal-hit Japanese auto parts maker Takata extended double-digit falls into a third day, plunging as much as 15 percent in early trade.

  • Volkswagen dealership

    The VW investigation is also looking into managers who knew of the deception and failed to take appropriate measures, the NYT reports.

  • A GPS driving sensor antennae sits on the back of a Tesla Motors Inc. Model S electric automobile at the Robert Bosch GmbH driverless technology press event in Boxberg, Germany, on Tuesday, May 19, 2015.

    One industry expert says fully autonomous models could hit the market as early as 2020.

  • Pre-owned Volkswagen vehicles on sale at a dealership in Fair Lawn, New Jersey, on Sept. 29, 2015.

    Despite the decrease in value of used cars, Volkswagen revealed Thursday that its U.S. sales rose 0.6 percent in September.

  • The "Halftime Report" traders looked at the stock stories you may be missing.

  • Volkswagen

    VW's board will meet on Wednesday to appoint finance chief Hans Dieter Poetsch head of the company's 20-member controlling panel.

  • Volkswagen

    Volkwagen's U.S. chief will testify on October 8 before a U.S. congressional oversight panel about the German automaker's emissions cheating scandal.

  • Pre-owned Volkswagen vehicles on sale at a dealership in Fair Lawn, New Jersey, on Sept. 29, 2015.

    Online used car marketplaces are seeing a significant upswing in activity surrounding used Volkswagen diesel vehicles.

  • Volkswagen

    South Korea said Volkswagen's local unit informed the government it could recall about 120,000 vehicles in the country.