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 futures fell more than $1 on Friday to below $108 a barrel, as investors waited for key US economic data to gauge the demand growth outlook for oil, with rising supplies weighing on prices.
The German parliament’s budget committee has released 1.6 billion euros ($2.1 billion) for German state-owned development bank KfW to push ahead with its plan to buy a stake in EADS from Daimler, according to committee members.
The chemicals group said its full-year operating profit will be adversely impacted by a temporary slowdown in oilfield drilling, although full-year earnings per share is anticipated to be in line with market expectations.
ExxonMobil – An executive for ExxonMobil, the world’s largest oil company, has been killed in front of his wife on a street in a suburb of the Belgian capital of Brussels.
REPSOL, GDF SUEZ
Repsol is finalising the sale of its LNG assets to France’s GDF Suez for 7 billion euros, website El Confidencial reported without naming sources.
The Finnish airline is due to announce its quarterly results shortly.
Great Wall Motor Co Ltd said its Q3 net profit more than doubled to 1.5 billion yuan.
PSA Peugeot Citroen
Ford Motor Co. and Renault have joined Volkswagen’s anchor stakeholder, Lower Saxony, in voicing concern about a French government rescue deal for PSA/Peugeot-Citroen.