Auto Industry, Energy, Transportation: Factors To Watch on August 17 image

Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Friday.

WORLD OIL PRICES
Brent crude slipped below $115 on Friday as supply worries eased on a possible release of oil reserves by the United States while Israeli comments on Iran reduced fears of a potential conflict in the Middle East that could disrupt exports.

Germany
LUFTHANSA, AIR BERLIN
A decision on whether the opening of Berlin’s new airport needs to be delayed for a third time was postponed until next month, authorities said on Thursday.

Italy
CAMFIN, PIRELLI, PRELIOS
The Malacalza family is convinced of its position that Camfin, that owns 25 percent of Pirelli, should be recapitalised through a cash call and not a convertible bond, Il Sole 24 Ore said. Intesa Sanpaolo and UniCredit have written to Camfin management saying they are ready to help on any bond issuance.

Turkey
NEW METRO LINE
Prime Minister Tayyip Erdogan will attend the opening ceremony for an underground train line on the Asian side of Istanbul, between the districts of Kadikoy and Kartal.

VEHICLE PRODUCTION
Turkish vehicle production fell 14 percent year-on-year to 97,184 units in July, the Automotive Manufacturers Association (OSD) said on Thursday, feeling the impact both of a shrinking export market in Europe and weaker domestic demand.

France
AIR FRANCE-KLM
Pilots for the airline have backed proposals to alter their contracts and working conditions as part of the airline’s three-year restructuring plan, aimed at reducing operating costs and debt.

AEROPORTS DE PARIS
French airport operator said its passenger traffic in July fell 0.4 percent compared with the same month in 2011, to 8.9 million passengers.

Russia
BP-led Azeri venture cuts oil output to 5-year low.
Nord Stream consortium plans more Baltic Sea gas.

African Markets
ANGOLA OIL
Angola’s crude oil exports are set to rise in October by around 100,000 barrels per day (bpd) from a 15-month low the previous month, a preliminary loading programme showed.