Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Tuesday.
WORLD OIL PRICES
Brent crude remained steady above $103 per barrel on Tuesday as China, the world’s top energy consumer, showed signs of improvement in its economy though fears of a Spanish bailout curbed oil price gains.
WEBASTO TO INVEST FURTHER 5 MLN EUR IN SLOVAKIA
Germany’s car-parts maker Webasto said it plans to invest additional 5 million euros into its assembly plant in western Slovakia and boost number of workers by some 470 jobs to 850.
Sales of Romanian carmaker Dacia, owned by French Renault , were down 24 percent on the year in the first half on the local market, to 9,700 cars.
PTT EXPLORATION AND PRODUCTION PCL
Thailand’s top oil and gas explorer PTT Exploration and Production Pcl (PTTEP) said on Tuesday quarterly net profit fell 31 percent in part due to foreign exchange losses and impairment loss on an overseas project.
The world’s number two-truck maker posted a smaller-than-expected fall in second-quarter earnings on Tuesday and stood by its outlook for its two top markets, despite a weakening global economy and rapidly souring order intake.
An Italian court has unfrozen shares in Italian oil and gas group Eni held by the Libyan Investment Authority (LIA) on behalf of the family of former Libyan leader Muammar Gaddafi, judicial sources said on Monday.
Giovanni Perissinotto, who is also a member of the board of directors at Italian tyre-maker Pirelli, resigned from his position at the company on Monday.
PSA PEUGEOT CITROEN
The car maker wants government aid on top of wage concessions as a condition for averting a second French auto plant closure, sources with knowledge of the matter said.
Europe’s biggest aerospace company, EADS on Monday said prospective U.S. commercial and military customers showed great interest in its X3 high-speed helicopter, which the company says has revolutionized helicopter technology.
The oil major has lifted a force majeure on its loadings of Angolan Girassol crude oil following a production problem last week, trade sources said.
Faurecia, Europe’s biggest maker of car interiors and exhausts, lowered its full-year operating income target, saying it would see the impact of contracting auto production in Europe, though it raised its full-year sales target.
TomTom on Tuesday posted a drop of more than a quarter in sales of its core satnav devices, driving a 17 percent retreat in second-quarter revenues.
*Russia’s top crude producer Rosneft may pay additional dividends of 4.08 rouble per share this year following President Vladimir Putin’s earlier order, Kommersant daily newspaper said on Tuesday, citing governmental sources.
*Eni signs exploration loan deal with Rosneft
Top African oil producer Nigeria’s loadings are set to fall to 1.81 million barrels per day (bpd) in September, a provisional loading programme showed, leaving exports at an 11-month low.