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 slipped towards $106 per barrel on Tuesday as caution among investors grew that any fresh stimulus measures coming from central bank meetings in the United States and Europe might not be enough to revive their stuttering economies.
The truckmaker has ordered a broad-based hiring freeze at its truck and bus division to rein in costs as the commercial-vehicle maker’s second-quarter operating profit plunged by half amid slowing world economies.
Premium carmaking unit Audi publishes its second-quarter results and holds a press conference.
H1 results due.
BANGCHAK PETROLEUM PCL
The refiner posted a net loss of 385 million baht ($12.19million) in the second quarter compared to last year’s net profit of 3 billion baht due to weakening product spreads.
The car maker reports its second quarter results on Tuesday.
Chrysler Group LLC continued its turnaround from near death just three years ago, earning $436 million in the second quarter and confirming that it will show a full-year operating profit of at least $3 billion.
Italian refiner Erg said on Monday it had decided to withdraw from a project with Shell to build a liquefied natural gas (LNG) terminal in Sicily because of the impact of the economic crisis.
Spanish oil engineering company Tecnicas Reunidas announced before market open its first half operating profit down 9 percent to 72 million euros ($88 million).
PSA PEUGEOT CITROEN
Spanish income tax authorities are seeking to recover 176 million euros from Peugeot Citroen Automoviles Espana (PCAE), the local subsisiary of struggling French carmaker PSA, the La Tribune news website said on Monday.
Philippines To Offer Offshore Oil Blocks In China-Claimed Areas
The Philippines will accept bids from oil and gas companies today to explore offshore areas claimed by China, risking renewed clashes as nations spurn joint development of energy resources in disputed waters.
TANZANIA MALAWI OIL
Tanzania has asked Malawi to stop oil and gas exploration activities in Lake Malawi until a border dispute between the two countries involving the lake is resolved, a Tanzanian official said.