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
Crude futures fell more than $1 on Friday to stand below $100 per barrel as stimulus moves by central banks failed to allay investor concerns about demand, although supply worries stemming from a labor dispute in Norway are expected to check losses.
U.S. Transportation Secretary Ray LaHood:
China outpaces the United States in building major transportation infrastructure like high-speed rail because of its authoritarian system and because the Chinese don’t have the Republican Party holding up progress.
Indicated 0.5 percent lower
Air Berlin, the German airline partly owned by Gulf carrier Etihad, said passenger numbers fell 5.0 percent in June.
The Volkswagen unit’s head Rupert Stadler sees a good chance the group will sell significantly more than 130,000 vehicles in the United States in 2012, adding it could even be closer to 140,000, he told Boersen-Zeitung in an interview.
Industrial output for May due 1000 GMT. Seen at 0.1 pct in a Reuters poll.
* Crude futures fell more than $1 on Friday to stand below $100 per barrel as stimulus moves by central banks failed to allay investor concerns about demand, although supply worries stemming from a labour dispute in Norway are expected to check losses.
LUKOIL plans product pipeline to supply Moscow
The Scandinavian airline, half owned by the governments of Denmark, Norway and Sweden, is due to unveil June traffic data at 0900 GMT.
Experts estimate the strike has so far affected 13 percent of the total production of the world’s eighth-largest oil exporter. The lockdown could lead the Norwegian government to force the workers to end the strike.
Pilot error, defective sensors, inadequate training and insufficient oversight combined to send an Air France passenger plane plunging into the south Atlantic in 2009 in the airline’s worst disaster, French investigators said.