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 edged down near $109 a barrel on Tuesday as investors watched for any impact on markets from Hurricane Sandy, which crashed ashore on the U.S. East Coast, closing refineries, roads and airports.
The refiner posts higher-than-expected profit thanks to higher refining margins and a stronger zloty, which reduced its foreign-denominated debt.
SINGAPORE AIRLINES, TIGER AIRWAYS LTD
Virgin Australia Holdings Ltd said alliance partner Singapore Airlines will buy a 10 percent stake in the firm or A$105 million ($108 million), helping it compete with Qantas Airways in the lucrative Australian market.
The German truckmaker and VW unit said on Tuesday that third-quarter operating profit fell to 185 million euros from 321 million euros a year earlier as the economic slowdown in Europe eroded commercial-vehicle sales.
Spanish construction company Ferrovial is expected to announce EBITDA of around 665 million euros when it reports Q3 results on Tuesday after the market close.
Chrysler Group LLC, majority owned by Fiat, posted an 80 percent rise in quarterly net income on Monday on stronger new vehicle sales, continuing the U.S. automaker’s comeback from its 2009 bankruptcy.
Fiat will release its third quarter results on Tuesday.
The Italian oil and gas group beat expectations on Tuesday when it reported a 3.1 percent rise in underlying net profit in the third quarter boosted by an ongoing recovery of its production in Libya.
Spain’s gas distributor Enagas is one of fifty investors to have
shown interest in buying Total’s domestic gas transport and storage unit TIGF, French daily Les Echos reported.
Gazprom unveils $38 bln gas project to conquer Asia.
Rosneft to buy BP out of TNK-BP first – source.