Auto Industry, Energy, Transportation: Factors To Watch on June 22 image

Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Friday.

Singapore:
Oil falls below $90 for first time since Dec 2010

Germany:
RWE
Indicated 1.1 percent lower
The German utility has expanded its 2072 bond by $500 million.

VOLKSWAGEN – Goldman Sachs has added the stock to its conviction buy list.

Poland:
PKN, Lotos
The state agency ARM will spend around 1 billion zlotys in 2013 to buy 10 percent of the obligatory oil storages from Poland’s two refiners PKN and Lotos, planning to hold around 30 percent by 2017, daily Dziennik Gazeta Prawna quoted ARM chief Jacek Bakowski as saying.

Indonesia:
HONDA TO SPEND 40 BLN YEN OF INVESTMENT IN NEXT 5 YRS
Japanese car maker Honda Motor Co Ltd is considering investing 40 billion yen in Indonesia within the next five years starting from 2013, said CEO Hiroyuki Yoshino.

Malaysian crude palm oil futures edged lower on Thursday as traders booked profits from rallies earlier in the week, while sentiment also turned cautious on weak economic data and disappointing stimulus measures by the U.S. Federal Reserve.

Nordics:
REC
Struggling solar equipment firm Renewable Energy Corp. will take a large impairment charge in the second quarter and plans to raise 1.3 billion crowns ($218.79 million) to pay down debt, it said on Friday.

France:
RENAULT
The French carmaker hopes it will lower its breakeven point by reducing the number of cars built and sold per year to 2.4 million from 2.6 million, its chief operating officer told the Automotive News Europe Congress.