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 fell for the first time in four days on Tuesday as investors took profits, though they stayed near $115 a barrel with declines limited by hopes the U.S. Federal Reserve would unveil further steps to stimulate the economy this week.
TIGER AIRWAYS HOLDINGS LTD
– Budget carrier Tiger Airways said it carried 556,000 passengers in August, up 62 percent from a year ago, supported by growth in its Singapore operations. It reported a passenger load factor of 84 percent.
Airbus’s chief executive Fabrice Bregier said a sales target for the European planemaker’s A380 superjumbo will be tough to reach after wing cracks put off prospective customers.
The government and lawmakers have agreed on the 2013 budget oil and gas output target that are expected to reach 2.26 million barrels of oil equivalent per day (boepd), up from this year’s target of 1.284 million boepd.
Chrysler Group LLC dealers came away from a day-long company show led by CEO Sergio Marchionne in Las Vegas on Monday confident that they will be selling a lineup of more competitive cars and trucks over the next two years, several dealers said.
The value of the Scandinavian airline’s right to slots in London’s Heathrow airport could amount to between 230 and 280 million Danish crowns ($39.46-48.04 million), daily Berlingske Tidende said.
The government will announce the bids to build the Ankara train station for a new high-speed railway.
Russian gas transit via Ukraine falls 22.9 pct
Ukraine cuts Russian gas imports 34 pct in Jan-Aug
PSA Peugeot Citroen
PSA Peugeot Citroen cannot rely solely on cost cutting to reduce its losses, and job cuts must not hurt its research and development capabilities, a government-commissioned report into the French car maker’s financial situation concluded.