Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Monday.
WORLD OIL PRICES
Brent crude slipped below $112 per barrel on Monday, dropping for a second straight session on concerns a fragile global economy could curb oil demand, but supply worries stemming from tensions in the Middle East may help check losses.
Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.
The group is seeking to unify standards across its group of five airlines for the engines and cockpits of planes it would deploy in future as part of efforts to boost its purchasing power over aircraft makers.
The group formed a commercial partnership with Abu Dhabi-based Etihad and Air France KLM SA.
Spain’s Iberia, owned by International Airlines Group, will present a restructuring plan in November which includes the layoffs of 6,000 employees, ABC reported citing unnamed sources.
Etihad Airways, Abu Dhabi’s flag carrier, will announce a code share agreement with Air France-KLM on Monday, the Financial Times reported.
Italian stock market regulator Consob is examining the “solidity and purpose” of the automaker’s 22.7 billion euros in liquidity, Il Messaggero reports on Monday.
SOLO OIL : The oil explorer and Aminex are seeking a partner for their Tanzania licence. The companies have engaged firstenergy capital to manage the farm-out of up to 50 percent in the Ruvuma psa.
State oil and gas firm PT Pertamina plans to construct a plant to produce treated distillate aromatic extract, which is one of raw materials of tyres, by 2015 in Java with a capacity of 50,000 tonnes per year.
PTT EXPLORATION AND PRODUCTION PCL
The energy firm might delay the start of production at Montara oil field in Australia to early next year, rather than late this year.
Kia Motors Corp has decided to tap into the U.S. pick-up truck market from next year, local media reported.