Buffett-Backed BYD Plans U.S. Plug-In Sales in 2011

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Jan 13, 2009
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Now, Warren Buffett's name does not only sell books, it also sell cars. Got this from Bloomberg.com.


In deed, MidAmerican Energy Holdings Co., a unit of Buffett’s Berkshire Hathaway Inc.(BRK-A) (BRK-B), bought a 9.9 percent stake in BYD in September because of the promise in BYD’s research and technology.

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Jan. 12 (Bloomberg) -- BYD Co., the Chinese automaker backed by billionaire investor Warren Buffett, plans to bring plug-in hybrids to the U.S. in 2011 to test demand for electric vehicles.


The models will include the F3DM sedan, which is now sold in China, Shenzhen-based BYD said today at the North American International Auto Show in Detroit.


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