Auto Industry, Energy, Transportation: Factors To Watch on October 9 image

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 futures rose towards $113 a barrel on Tuesday after two days of losses, with supply fears due to escalating tensions in the Middle East prevailing over a sluggish outlook for global demand.

UK
Brent crude futures rose towards $113 a barrel on Tuesday after two days of losses, with supply fears due to escalating tensions in the Middle East prevailing over a sluggish outlook for global demand.
BP : BP’s billionaire partners in TNK-BP, Russia’s third-biggest oil producer, said they could sell or list their 50 percent stake in the business.

Germany
VOLKSWAGEN
Europe’s largest carmaker said group sales increased 10.6 percent during the first nine months to 6.80 million vehicles.

Italy
FIAT
Sergio Marchionne, chief executive of both Fiat and Chrysler Group LLC, will revise 2-year growth plans for both automakers later this month to reflect the slump in European auto sales since 2009.

France
PSA PEUGEOT CITROEN
The car maker’s restructuring is an “internal matter”, the French automaker’s chief executive told reporters during a factory visit by industry minister Arnaud Montebourg.

NORDICS
SANDVIK
The Swedish machinery and mining gear maker has abandoned the sale of its Sandvik Materials Technology (SMT) unit, business daily Dagens Industri reported.

Indonesia
PT Pertamina EP, an upstream unit of state oil and gas firm PT Pertamina, said it will miss the 2012 oil output target of 132,000 barrels per day, as the firm has suspended its oilfields operation in Cirebon, West Java, after mass rally on Oct.3 turned chaotic

Czech Republic
Czech industrial output fell in August and unemployment ticked higher in September, data showed on Monday, raising fears of a fourth straight quarter of contraction and indicating government austerity measures are deepening the economic downturn.