New models help carmaker BYD bounce back from 2012 profit plunge
BEIJING - BYD Co Ltd , a Chinese carmaker backed by billionaire Warren Buffett, said new and upgraded models were winning back buyers and would boost first-quarter profit after a plunge in 2012 earnings.
Found 1 month ago on channel Reuters
Buffett-backed BYD denies report it plans to sell shares
HONG KONG - Chinese auto maker BYD Co Ltd , invested by Warren Buffett's Berkshire Hathaway Inc., denied a news report on Friday that the company plans to sell new Hong Kong-traded shares.
Found more than 1 month ago on channel Reuters
Week commencing 11/03/13
The recent case, much publicised in Chinese media, of the public dispute between Chinese investment company Shenzhen Kailei (Carlyle’s Chinese name) and Tianjin Trust’s Buffett No. 1 Plan, sheds light on a uniquely Chinese development that poses a competitive challenge to private equity firms in the PRC – at least for now. So-called trust products offer an alternative grey-market channel of non-bank financing for PRC companies, projects and local government entities that could crimp general partner (GP) prospects in China – until a likely regulator intervention, or blow up, or both, ends the game.
Shares of Buffett's Chinese electric car maker tumble
Shares of BYD, the Chinese battery and electric car maker in which Warren Buffett is a major investor, tumbled in Hong Kong trading Wednesday after an analyst in China slashed his firm's target price for the stock to virtually nothing.
Found more than 1 month ago on channel CNN Money
BYD Electric Car Passes Tests
BYD, the Chinese auto maker backed by Warren Buffett, said its e6 electric car, one of which caught fire in a collision Saturday, has passed all tests required by relevant authorities.