German stocks - Factors to watch on September 15

FRANKFURT, Sept 15 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.1 percent higher on Tuesday, according to premarket data from brokers at 0620 GMT.

The following are some of the factors that may move German stocks on Tuesday (share price indications at 0616 GMT):

DEUTSCHE TELEKOM (DTEGn.DE)

Indicated 0.8 percent higher

The German telecom company is not planning any large purchases in the United States for now and will give its management there until the end of the year to turn business around, Handelsblatt newspaper reports, citing sources close to the supervisory board. A purchase of Sprint Nextel (S.N) as reported by Britain's Sunday Telegraph is not on the cards for now, the paper says.

Separately, the German telecom's two leading shareholders have set the German operator a mid-2010 deadline to turn around its ailing U.S. mobile phone business or make strategic changes, the Financial Times reports. The newspaper cited people familiar with the thinking of the German government, which holds 32 percent of Deutsche Telekom, and private equity group Blackstone, which holds close to 5 percent, as saying they were prepared to force through strategic changes if T-Mobile USA's fortunes did not improve. [ID:nLE510215]

Related news [DTEGn.DE-E]

BMW (BMWG.DE)

Indicated 1.3 percent higher

The carmaker made the biggest fuel efficiency gains in Europe last year for the second year running as its "efficient dynamics" programme cut consumption and tailpipe emissions by 10.2 percent, a report said on Tuesday. [ID:nLE130407]

Related news [BMWG.DE-E]

VOLKSWAGEN (VOWG.DE)

Indicated 1.1 percent higher

Chairman Ferdinand Piech left open prospects for buying more brands, saying "a dozen is easier to remember than 10". [ID:nN14459922]

Hans Dieter Poetsch, the finance chief at Europe's largest carmaker, said the company expects high single-digit growth for Chinese market in 2010 and expects the European market to decline by about 5 percent year-on-year in 2010.

Chief Executive Martin Winterkorn said VW's group deliveries rose 9.5 percent in August and were down 2.1 percent year-to-date. The global car market fell 14 percent in the months from January to August. [ID:nWEA0800]

Separately, VW's CEO said he sees increasing signs for a recovery of the automotive market but cautions that the crisis is not over yet. "The difficult crisis in the automotive industry is not over yet, but there are increasing signs that the bottom has been reached," Martin Winterkorn said in a speech at an industry event on Monday. [ID:nN14498891]

Winterkorn also added that Suzuki's (7269.T) product portfolio would fit well to that of VW's but declined further comment on media reports of the carmaker's interest. [ID:nWEA0794]

Related news [VOWG.DE-E]

PORSCHE (PSHG_p.DE)

Indicated 0.1 percent lower

The company will release a set of preliminary results for its sports car business Porsche AG for the past fiscal year that ended July.

Separately, Porsche's supervisory board chairman said he is very confident that a deal with Volkswagen will be concluded by 2011 and sees no stumbling blocks ahead.

Related news [PSHG_p.DE-E]

FIELMANN (FIEG.DE)

Indicated 0.2 percent higher

The Fielmann family does not plan to sell or reduce its stake, its chief executive and founder Guenther Fielmann told Frankfurter Allgemeine Zeitung in an interview. [ID:nLE162014]

Related news [FIEG.DE-E]

GERMAN CARMAKERS

Several German carmakers are to present at the Frankfurt Auto Show: BMW (BMWG.DE) at 0630 GMT, PORSCHE at 0800 GMT, DAIMLER (DAIGn.DE) at 0830 GMT, VOLKSWAGEN (VOWG.DE) at 0915 GMT

Related news [DE-AUT-E]

OVERSEAS STOCK MARKETS

Dow Jones .DJI +0.2 pct, S&P 500 .SPX +0.6 pct, Nasdaq .IXIC +0.5 pct. [ID:nN14517044]

Nikkei .N225 +0.15 pct at close [ID:nT210226]

GERMAN ECONOMIC DATA

ZEW economic sentiment for September due 0900 GMT. Seen at 60.0, compared with 56.1 in the previous month. ECONDE G7TODAY

OPEL

Opel investor Magna MGa.TO will cut about 10,500 Opel jobs in Europe, the bulk in Germany, as it acts to return the carmaker to profit and pay back 4.5 billion euros ($6.55 billion) in state aid, its co-chief executive said. The Canadian auto parts supplier aims to sign a deal with former Opel parent General Motors [GM.UL] within two weeks to buy a 55 percent stake together with Russian partner Sberbank SBER03.MM, Siegfried Wolf said on Monday. [ID:nLE389064]

Related news [GM.UL-DE]

European Factors to watch [WATCH/EU]

Diaries [DE/DIA] [WEU/EWQUITY]

Reuters Top News [ID:nTOPNEWS]

(Reporting by Eva Kuehnen and Tyler Sitte)