European stock indexes were mixed, with gains in autos and semiconductors unable to lift the lift the Europe-wide Stoxx 600 index.

ECARX (NASDAQ:ECX) executives outlined the automotive technology supplier’s global expansion strategy, product portfolio and financial targets during a JPMorgan conference session, highlighting partnerships with major automakers and continued investment in software, silicon and artificial intelligen

One group that doesn’t want the Iran war to end soon is China’s electric-vehicle makers. The crisis in the Middle East is helping them export their way out of trouble: Chinese carmakers are sending excess supply to overseas markets, where high gasoline prices are prompting more drivers to buy EVs. The market share of traditional carmakers is the big casualty.

Luxury, the maisons will tell you, is not like other industries. While lesser consumer goods makers can get ahead by trimming costs and undercutting...

Find insight on Stellantis, Renault, Ferrari and more in the latest Market Talks covering auto and transport.