Auto Industry, Energy, Transportation: Factors To Watch on August 23 image

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

WORLD OIL PRICES
Brent crude rose more than a dollar on Thursday, approaching $116 per barrel on renewed hopes for another round of monetary stimulus by the U.S. Federal Reserve, helping investors look past weak manufacturing data from China.

Germany
DAIMLER
The company is considering building passenger cars of its core Mercedes brand with its partners Renault and Nissan, German paper Financial Times Deutschland reported, citing no sources.

GM’S OPEL
Opel, the German unit of U.S. automaker General Motors, is close to agreeing to stop production at its factory in Ruesselsheim for 20 days this year, German radio station hr-Info reported, without saying where it obtained the information.

Philippines
PETRON CORP, CEBU AIR INC
Oil refiner Petron will now be part of the Philippines’ benchmark index replacing budget airline operator Cebu Air following the latest review of the index composition by the stock exchange.

Italy
FIAT
*Il Giornale says that Fiat could rent some production lines of the Pomigliano plant to Mazda Motor Corp, with whom it has an industrial partnership.

UK
PREMIER OIL : The oil producer announced oil production rose 58 during the first-half as profits hit a record $194.6 million before tax and said full-year production is estimated to be 60,000 boepd.

Turkey
ASELSAN
The electronics company’s traffic and toll collection system is to be used on Polish motorways in a project worth 45 million euros ($56.10 million), with the system to be introduced over a five-year period between 2013 and 2018, Dunya newspaper reported.

Australia
Qantas Airways
Australia’s struggling flagship carrier Qantas Airways cancelled orders for 35 Boeing Dreamliner jets to further cut costs after posting a full-year net loss for the first time in 17 years.