Auto Industry, Energy, Transportation: Factors To Watch on August 31 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 futures climbed above $112 per barrel on Friday, on track for a second monthly gain as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke for hints of more monetary easing that could stoke oil demand.

Germany
LUFTHANSA
Lufthansa passengers face widespread flight disruption from Friday after cabin crew representatives said they would start a series of strikes over pay and cost-cutting measures.
VOLKSWAGEN
VW will take a breather when it comes to acquiring further brands, Chief Executive Martin Winterkorn told Handelsblatt newspaper, saying the company had enough to do to get its 12 brands to where he wants them to be by 2018.

Poland
RHODIA
The French chemicals group may build a 300-million zlotys plant for the car industry in the Polish city of Wloclawek, daily Puls Biznesu said quoting an unnamed source.

France and Benelux
TOMTOM
Dutch car navigation maker TomTom will move out of the Amsterdam blue chip index to the midcap index as of Sept. 24, and newly-listed coffee and tea maker D.E Master Blenders 1753 will be included in the blue chip index from that date.
ADP
Aeroports de Paris maintained its profit outlook despite posting lower-than-expected first-quarter earnings on Friday, as weakness in core activities clouded brisk retail and property earnings.

MAUREL ET PROM
French oil producer Maurel et Prom posted first-half net profit of 32 million euros, down from 90 million in first-half 2011

African markets
ANGOLA OIL
Angola’s rare oil success isn’t fixing its governance problem. Rising oil output has boosted GDP per capita, but corruption and human rights abuses are holding the economy and Angola’s people back.

Russia
Lukoil, Russia’s No.2 crude producer, to present Q2 results;