Auto Industry, Energy, Transportation: Factors To Watch on August 20 image

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

World Oil Prices
Brent crude futures inched up to more than $114 a barrel after the United States ran into opposition to its plan for a release of strategic petroleum reserves, while hopes for a revival in North Sea crude output also limited gains.

Germany
VOLKSWAGEN
Volkswagen labour representatives would not back any further acquisitions by the carmaker, especially of Malaysian firm Proton, the works council chief told a German newspaper.

DAIMLER
Chief Executive Dieter Zetsche has told employees to pay more attention to their costs to help compensate worsening economic conditions, Automobilwoche reported, citing an internal letter to employees.

LUFTHANSA, FRAPORT
The airline and airport operator are suing German trade union GdF over a series of strikes by airfield workers at Frankfurt airport in February, the companies said on Sunday.

Poland
PKN AND LOT
Oil refiner PKN Orlen could buy a stake in airline fuel provider Petrolot from the Polish carrier LOT, daily Puls Biznesu wrote. PKN already has a 49-percent stake in the company, while LOT – the other 51 percent.

Italy
CAMFIN, PIRELLI
The Malacalza family who is pressing for a capital increase at Camfin has requested the opinion of independent experts, La Stampa said on Saturday, ahead of Camfin’s board meeting on Aug.29.