LG unveils Android Automotive-based solutions, partnering with Google to redefine software-defined vehicles. Market reacts positively as SDV innovation accelerates.
Ferrari unveils its first electric car, Luce, amid luxury EV demand concerns. Stock falls sharply as CEO Vigna bets on new clientele.
Aluminum prices soar due to Iran war, pressuring Ford, Molson Coors, and AB InBev. Wall Street sees softer supply growth ahead.
Stellantis warns raw material costs could cut revenue by โฌ1B. Meanwhile, a16z says the term 'stablecoin' has outgrown its original meaning.
Ford warns commodity costs, including steel and aluminum, will rise $2B this year, double prior estimate. Impact on automakers and steel demand.