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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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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