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 slipped to $105 per barrel on Monday as economic concerns returned to the forefront on fresh fears that Spain may not be able to avoid a costly bailout, which could have repercussions on oil demand in the region.
STRABAG TO BUILD HIGHWAY PROJECT
Construction company Strabag is expected to build a 6.5 kilometres-long highway project in central Slovakia, after submitting the cheapest bid of 26 million euros ($31.64 million) for completion of the project.
The car rental company has a long-term goal of achieving a return on equity before tax of 20 percent, finance director Julian zu Putlitz told the Boersen-Zeitung newspaper on Saturday.
* Maruti Suzuki has no idea when a factory hit by a deadly riot this week will reopen, the Indian carmaker’s chairman acknowledged on Saturday, saying it was impossible to import extra vehicles or shift lost production to another plant.
Eni and Russia’s gas giant Gazprom aim to make the final investment decision on the offshore part of the South Stream gas pipeline in November and start the construction in December, press office of Russia’s President Vladimir Putin said on Sunday.
Italian tollroad operator sees less liquidity risks after its credit ratings had been downgraded by Moody’s than other capital-intensive infrastructure companies because the group has been financing its projects via corporate bond issues and not via bank loans for years
Spain’s gas grid operator said late on Friday it had bought 90 percent of Naturgas Energia Transporte, a gas transport company owned by Portuguese energy group EDP, for 241 million euros ($293.24 million).
PSA PEUGEOT CITROEN
French Prime Minister Jean-Marc Ayrault will meet the car maker’s CEO on Monday ahead of a government plan for the car sector due next week, the prime minister’s office said on Friday.
A Nigerian fuel importers’ union said on Friday it would shut down jetties and depots from July 23 if the government did not pay outstanding gasoline subsidy payments, which are a massive drain on Africa’s second biggest economy.
The Ugandan government is aiming to take up a 40 percent stake in its planned oil refinery and offer a private investor the remaining 60 percent according to a tentative shareholding structure, a senior official said.
China Petroleum and Chemical Corp, or Sinopec Corp , said its crude throughput in the first half of 2012 rose 1.13 percent over a year earlier, easing from a 3-percent expansion in 2011.