Auto Industry, Energy, Transportation: Factors To Watch on October 12 image

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
Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

Czech Republic
DRUZHBA: European refiners linked to the Druzhba pipeline risk being starved of Russian oil as producers explore new export routes, an executive at Gazprom’s trading arm said on Thursday.

Singapore
TIGER AIRWAYS HOLDINGS LTD
Budget carrier Tiger Airways said it appointed Ho Yuen Sang as the managing director of its Singapore operations.
Alexander Knigge was also appointed as chief commercial officer of the Tiger Group.

Germany
PORSCHE VOLKSWAGEN
The holding company of German carmaker Porsche has received a fresh lawsuit from the family of a deceased industrialist, linked to its 2008 attempt to take over Volkswagen.

AIMLER
Abu Dhabi’s sovereign wealth fund Aabar sold the remainder of its 3.07 percent stake in Daimler worth about 1.25 billion euros ($1.6 billion) on Oct.5

Italy
ENI
Italian oil and gas group Eni expects its operations in Africa, including its jumbo find in Mozambique, to underpin long-term growth as it presses ahead with plans to shift its focus to exploration and production.

UK

Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria.

France
AIR FRANCE-KLM
An Air France-KLM flight from Paris to New York was forced to turn back to Charles de Gaulle airport due to a “minor technical problem” with the plane’s windshield

NORDICS
VOLVO
The Swedish truck maker will invest $500 million in Brazil over the next three years to expand production, renewing and expanding its truck lineup after a challenging year for the local market

India
Apollo Tyres is in early talks to acquire a majority stake in U.S.-based Cooper Tire & Rubber Co, in a deal valued at around $600 million, a source with direct knowledge of the situation told Reuters.