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 futures climbed above $114 a barrel on Monday, but gains were limited as expectations for the U.S. Federal Reserve to launch further stimulus measures offset weak Chinese industrial output data.
Daimler said it will meet with Volkswagen in September to see whether a partnership to build light commercial vehicles can be extended, as VW forges ahead with closer ties to truck manufacturer MAN.
German carmaker Porsche expects production of its new Macan compact sports utility vehicle to reach 75,000 by the end of 2013, German weekly WirtschaftsWoche said, without citing sources.
Lufthansa’s cabin crew will not strike for the next six weeks while labour representatives and company executives engage in a mediation process, union representative Nicoley Baublies told Reuters on Sunday.
EADS is on the cusp of a deeper management shake-up at its defence unit Cassidian, Financial Times Deutschland said in an advance copy of its Monday edition.
Ayala Corp, one of the country’s biggest conglomerates, said it had forged an exclusive strategic partnership with conglomerate Aboitiz to bid for the $240 million Mactan-Cebu International Airport redevelopment project.
The Indonesian Motorcycle Industry Association (AISI) recorded domestic motorcycle sales from January to August down 13 percent to 4.76 million units from 5.5 million units a year earlier, as a result of the government’s new policy on minimum down payment for automotive loans.
Its chief executive Fulvio Conti confirmed on Saturday its target for full-year EBITDA of 16.5 billion euros. He also said the company would issue a retail bond at the start of 2013.
The oil services company expects orders for the industry to begin growing in 2013 after staying mostly static this year, chief executive Pietro Franco Tali said.
BP : BP is in talks to sell some of its Gulf of Mexico oil fields to Plains Exploration & Production Co for roughly $7 billion, a person familiar with the matter said on Sunday, as the U.K. oil firm looks to raise money to pay for damages from the 2010 oil spill.
TULLOW OIL : The oil company said its Mbawa-1 exploration well had found some gas.