BYD to Raise $1.9 Billion

The Chinese electric car company BYD, of which Warren Buffett has a partial ownership stake, is looking to issue new shares in order to raise $1.9 billion. In trading on Tuesday, the company shares were halted on the Hong Kong market, and on Monday they were halted on the Shenzhen market, pending the announcement of …

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Berkshire Hathaway is Officially in the Car Dealership Business

One of the wealthiest men in the world, Warren Buffett, also happens to be one of the most successful investors in business history, and has assets stretching beyond any reasonable estimation. And he now has the chance to add to his lifelong list that he is the owner of the fifth-largest auto dealership chain in …

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BYD Says Buffett Not Cutting Stake in Company

BYD, Warren Buffett backed Chinese automaker, said on recently that Berkshire Hathaway and Warren Buffett has no intention of presently selling any shares in the company. They also said that they were not aware of a substantial sale of shares by Warren Buffett, who currently owns 225 million Hong Kong shares in the business. This …

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BYD Chairman Adds to Position

The Chinese automaker backed by Warren Buffett, BYD Co. LTD, on Wednesday said that the chairman of the company has increased his stake and even has plans to buy more shares as a sign of confidence in the company due to the record slump that the stock experienced last week. The BYD chairman, CEO and …

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BYD Shares Lose $1 Billion in Value

BYD, the Warren Buffett backed Chinese automaker, had its biggest ever single day loss in Hong Kong on Thursday. The company lost $1.2 billion in market value. This prompted the company to hold emergency analyst calls. There are numerous rumors that are going around the market, but analysts ultimately said it was unclear as to …

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BYD, Chinese Automaker, Drops 15% in Profits

Warren Buffett and Berkshire Hathaway currently own 10% of BYD, the manufacturer of batteries, phone components and vehicles in China. On Sunday, the company said that it had lost 15.5% in profits during the first half of the year due to a drop in its traditional automobile business. The company’s net profit fell to $53.3 …

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10 Surprising Warren Buffett Investments

With nearly $66 billion to his name and counting, it’s no surprise that Warren Buffett is a financial genius and he’s literally one of the best investors of the last century. From Exxon to Walmart, from Coca-Cola to Wells Fargo, the president and CEO of Berkshire Hathaway still plants his dollars deeply into just about …

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Buffett’s Favorite Chinese Automaker Sold 1 Million Cars that Look Like Hondas in the Back and Toyotas in the Front

In 2013, BYD Auto, backed by Warren Buffett, sold more vehicles than any of the other domestic brands in China, we learned from the China Auto Web. The company also generated $89 million worth of profit during that same time. Berkshire Hathaway took out a $230 million stake – which is 10% of the company …

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Warren Buffett-Backed BYD’s First Half Profits Soar 26-Fold

BYD, Chinese battery maker and auto mobile manufacturer recently said that their half-year profits soared. This happened because the biggest car market in the world has started to recover. On Sunday, BYD let us know that their profits started growing exponentially between the months of January through June. This happened after competition among other automakers …

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Chinese Automaker BYD Tells Us 1st Quarter Profit Quadrupled

The Chinese manufacturer of phone components, automobiles and batteries – BYD – of which Berkshire Hathaway owns 10%, mentioned last week that the company profit has quadrupled to $18.1 million, or 112.4 million yuan. This happened within the first three months of 2013. Sales have begun to recover after last year’s major decline. The company’s …

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