Tag: Fuel-efficient cars

auto industry BYD electric cars energy foreign investment fuel-cell gas price general motors global warming hybrid cars renewable energy Shanghai Warren Buffett

Warren Buffett Takes Charge

Fortune Magazine has a lengthy article about Chinese electric car maker BYD and the decision by Warren Buffett to violate his own rules of investing and buy a 10% stake in it:Last fall Berkshire Hathaway bought 10% of BYD for $230 million. The deal, which is awaiting final approval from the Chinese government, didn’t get much notice at the time. It was announced in late September, as the gl