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