Albemarle Corp. boosted its outlook for the year as lithium prices rebounded after a months-long rout.

BMW AG increased its forecast for vehicle deliveries for the year on the back of a deep order bank and increasing demand for fully electric cars.

About 30% of existing carmakers will face elimination from the market in 2030 due to a failure to transform their business, according to Calvin Lee, managing director of Sime Darby...