Auto Industry, Energy, Transportation: Factors To Watch on August 27 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 rose more than a dollar on Monday to above $115 per barrel on supply worries as Tropical Storm Isaac threatened to interrupt most U.S. offshore oil production in the Gulf of Mexico.

Romania
FORD
Ford Romania has accelerated its production at its Craiova plant to 200 cars per day in August from 50 in July.

Germany
VOSSLOH
The German provider of rail infrastructure equipment is looking at an acquisition in South-America, its chief executive Werner Andree told Frankfurter Allgemeine Sonntagszeitung.

Thailand
THAI OIL PCL
Standard & Poor’s Ratings Services affirmed its ‘BBB’ long-term corporate credit rating on Thai Oil. The outlook is stable.

Poland
GAS EXCHANGE
Polish power exchange POLPX will be ready to launch a gas exchange by the middle of September, POLPX Chief Executive Ireneusz Lazor told business portal wnp.pl.

Italy
FIAT
The launch of the new Fiat Punto model may be delayed to 2015, Italian newspapers reported on Saturday citing market speculations, adding that no decision had yet been taken by the group.
Fiat is considering strengthening its partnership with Japan’s Mazda among options for the future of its Italian plants, La Repubblica said on Sunday without citing its sources.

Nordics
SAAB
Sweden said on Saturday it aims to buy 40-60 new JAS 39 Gripen fighter jets from the aerospace firm after inking a deal last year to share some of the development costs with Switzerland, whose parliament is expected to vote on a purchase in October.

France
RENAULT
The car maker is close to making announcements relating to high-end models, French Industry Minister Arnaud Montebourg said in a joint interview with BFM-TV, RMC and Le Point.

Turkey
TAV AIRPORTS
The airports operator said it will invest around $65 million in the renewal of the runway at Tbilisi International Airport, with the new runway scheduled to be completed within two years.