Ailing BYD prepares for layoffs in China
The company is letting go of 2,600 workers from its sales force, who apparently didn't have much to sell as sales dropped 23 percent in the first six months of this year. The transition is happening in stages, with 1,000 slated to go first and others being transferred to places like assembly plants. Still, BYD plans to beat last year's sales of 520,000 units by five to 10 percent. In case you were dying to buy a BYD, it will probably be a little while longer before it sets up that Los Angeles HQ. We think you'll survive...
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