Auto Industry, Energy, Transportation: Factors To Watch on September 7 image

Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Friday.

WORLD OIL PRICES
Brent futures fell below $113 per barrel on Friday ahead of a U.S. jobs report expected to give an indication of the economic health of the world’s biggest oil consumer, and as the United States considered a release of emergency oil reserves, potentially much larger than the last.

Indonesia
– The government plans to build a new airport in Karawang,West Java, in 2016, that will have the capacity to handle 100 million passengers, aiming to lessen the burden of the existing Soekarno-Hatta international airport

Germany
DEUTSCHE LUFTHANSA
The airline and cabin representatives said they had been in contact in a row over pay and conditions as crew from the UFO union started a 24 hour strike across Germany on Friday. Lufthansa said it hopes to carry out around half of the 1,800 flights it usually operates per day.
VOLKSWAGEN
The carmaker has cut its expectations for full-year sales by 300,000 vehicles, spooked by the stubbornly weak European economy, German daily Handelsblatt reported.

Italy
ENI
Italy’s Antitrust said on Thursday it had accepted a commitment by Eni to auction to third-parties for five years a capacity of 5 billion cubic meters of gas in the Transitgas and TAG pipelines, ending a probe started in March for alleged dominance of the international gas transport market.

France
PSA PEUGEOT CITROEN, SOLVAY
PSA Peugeot Citroen will be dropped from France’s blue chip index CAC 40, the latest in a series of setbacks for Europe’s No. 2 automaker by volume. Belgian chemicals maker Solvay was added to the index as a replacement.

African Markets
TANZANIA EXPLORATION
French oil major Total is close to signing a deal to explore for oil and gas in Tanzania’s Lake Tanganyika, a senior Tanzanian petroleum official said on Thursday.