Bloomberg BMW AG plans to buy electric-vehicle batteries from six new factories to be set up and run by companies including Contemporary Amperex Technology Co Ltd and Eve Energy Co as the world’s biggest luxury-car maker attempts to overhaul its supply chain. Two plants each in Europe, China and North America will produce round lithium-ion cells that enable longer ranges ...

  Bloomberg Porsche said it’s still mulling an entry into the Formula 1 racing series after ending months of talks with Red Bull GmbH as a potential partner. Discussions faltered after the pair couldn’t agree on an “equal footing” on engine collaboration and team partnership, Porsche said. The stalling of the sports-car maker’s F1 aspirations come within weeks of Volkswagen ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to King Charles III of the United Kingdom of Great Britain and Northern Ireland, following the death of Queen Elizabeth II. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...