Suppose $A,B$ are smooth manifolds and there exists a binary operation on the product manifold $A \times B$ making it into a Lie group.
- Does this guarantee that there exist binary operations on both $A$ and $B$ making them each into Lie groups?
- If the answer is yes, can it be done in such a way that the product group $A \times B$ is equal to the original Lie group?
- If the answer to that is yes, is it necessary?
I tried briefly to find a counterexample browsing a table of Lie groups but was unsuccessful.
Question 2 has well-known counterexamples. Generally, it's known that every connected Lie group $G$ is diffeomorphic to a product $K \times \mathbb{R}^n$ where $K$ is its maximal compact subgroup, but $G$ is generally not isomorphic to a product of Lie groups diffeomorphic to $K$ and $\mathbb{R}^n$. A nice small example is $G = SL_2(\mathbb{R})$, whose maximal compact is $SO(2)$, and hence which is diffeomorphic to a product
$$SL_2(\mathbb{R}) \cong S^1 \times \mathbb{R}^2.$$
(this can be established quite explicitly, e.g. using Iwasawa decomposition). However, $SL_2(\mathbb{R})$ has a simple Lie algebra $\mathfrak{sl}_2(\mathbb{R})$, so it isn't isomorphic to any nontrivial product of positive-dimensional Lie groups.