Bloomberg Mexico’s top trade negotiator will grant President Donald Trump this: Nafta is in need of updating. He doesn’t agree, however, that the US auto industry has gotten the short end of the stick. The North American Free Trade Agreement has served the US, Canada and Mexico well, Economy Minister Ildefonso Guajardo said on Friday at a luncheon hosted …

  Bloomberg PSA Group and General Motors Co. are set to announce on Monday the purchase of the Opel brand by the French company, creating the region’s second-largest automaker and allowing GM to exit the European market, according to people familiar with the matter. The two carmakers, which sent an invitation for a joint press conference in Paris on Monday, …

  Being the fastest-growing large economy in the world is India’s destiny, and even the most poorly conceived economic policy imaginable can’t stop destiny. At least, that is, if you believe the government’s statisticians, who said on Tuesday that India’s GDP grew at 7% in the very quarter that the government withdrew high-value currency notes from circulation. Is India becoming …