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Ford launches brand to sell auto parts to fix competitors’ vehicles

Ford Motor Co , in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops to fix competitors' vehicles. Omnicraft joins Ford's established Motorcraft which makes parts for Ford vehicles. Frederiek Toney, president of Ford's customer service division, said the global business for automotive

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Ford launches brand to sell auto parts to fix competitors’ vehicles

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China’s growth sucks in more debt bucks for less bang

As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending. “The amount of debt that China has taken in the…

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China’s growth sucks in more debt bucks for less bang