Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Thursday.
COMFORTDELGRO CORP LTD
Public transport operator ComfortDelGro said its subsidiary plans to acquire Australian bus company Deane’s Bus Lines Pty Ltd and Transborder Express for A$53 million.
BMW indicated 0.1 percent lower
VW indicated 0.1 percent lower
Daimler indicated 0.2 percent lower
BMW Group’s U.S. vehicle sales rose 4 percent in July, Mercedes-Benz sold 19,311 cars, and V olkswagen sales were up 27.3 percent.
Indicated 0.4 percent lower
Q2 results due. The auto parts and tyre maker is expected to report its quarterly adjusted EBIT rose 15.7 percent to 868 million euros
The Finnish refiner reported a surprise 19 percent fall in second-quarter comparable profit on Thursday, dented by shutdowns at its Finnish refineries.
It reiterated expectations for full-year comparable operating profit to improve significantly versus 2011. It also said its renewable fuels unit’s operating loss would be smaller in the third quarter than in the second quarter.
Fiat said on Wednesday it could not give indications on future investments because of the international economic crisis and the slump in the European car market.
Fiat, which also runs Chrysler, said in a statement after meeting unions in Turin it would provide information on products and plants with its third quarter results.
NIGERIA OIL PRICE
Falling oil prices and domestic energy output due to declining global demand are a concern for Nigeria’s economy, the country’s central bank governor said.
The state pipeline operator posted a 2011 loss of 1.3 billion lira.
Gazprom Neft signs production sharing deals with Kurdistan
Rosneft posts surprise Q2 loss on oil price