Bloomberg Porsche AG is setting up an assembly plant in Malaysia as the German automaker looks to make the nation its Southeast Asian hub, the Edge weekly newspaper reported. Porsche will partner with Inokom Corp., a unit of Sime Darby Bhd, in venture, which will be located in the northern state of Kedah, the Edge said. The facility will be …

Bloomberg Ford Motor Co.’s gas-powered SUVs and trucks helped haul in an unexpected fourth-quarter profit, providing a down payment on the $29 billion the automaker plans to spend developing electric and autonomous next-generation vehicles. The manufacturer almost doubled its planned spending on EVs to $22 billion through 2025, a response to the bold initiative outlined by General Motors Co., which …

Bloomberg Business activity in the Arab world’s two largest economies improved at the start of 2021, with the United Arab Emirates seeing growth in its job market. Non-oil private sector activity in Saudi Arabia soared during January as new work levels increased and operating conditions improved in the UAE, helped by an expansion in new orders and output. Purchasing Managers’ …