Bloomberg BMW AG is doubling its investment at its Hungarian factory to $2.1 billion, adding a high-voltage battery assembly facility that will create more than 500 jobs. Locating the battery assembly at the Debrecen plant will help BMW streamline logistics for production of its next generation electric cars that will use the ‘Neue Klasse’ underpinnings, the carmaker said. Output …

  Bloomberg Mercedes-Benz Group AG cut prices on two electric car models in China by as much as $33,000, as heated competition in the world’s biggest EV market impacts sales. The luxury automaker said in a statement that it was reducing prices on certain models from its EQ range, and that it would provide subsidies to customers who recently bought …

  Bloomberg Oneworld, the global airline alliance led by American Airlines Group Inc. and British Airways, is in discussions about bringing China Southern Airlines Co. into its ranks. China Southern is the nation’s largest airline with dual hubs in the capital Beijing and the southern city of Guangzhou, where it is headquartered. Bringing it into the oneworld alliance could provide …