Wang Chuanfu (above), the founder of Chinese battery manufacturer and automaker BYD is reportedly the richest man in all of China. Already a wealthy man, Bloomberg reports that Chuanfu has jumped a startling 102 places to land himself atop Hurun Rich List, an annual wealth index chronicling the country's richest people.
Harley-Davidson has announced that Warren Buffet's Berkshire Hathaway group will invest $300 million in the motorcycle maker by through a purchasee of senior unsecured notes that will mature in 2014. These funds match a similar investment by Davis Selected Advisers, L.P., which is already the largest holder of company stock. Harley-Davidson will use the money to bolster its lending services, hopefully making it easier for the trouble motorcycle maker to lend cash to consumers. Berkshire Hathaway
Chinese battery manufacturer BYD can now be mentioned in the same breath as Goldman Sachs: both have recently been given the blue-chip imprimatur by U.S. billionaire investor Warren Buffet. The Oracle of Omaha's MidAmerican Energy Holdings has bought a 10-percent stake in BYD for $230 million.
Warren Buffett is renowned for making money buy investing in companies that he thinks have a some inherent value and holding the stock. So when he or his flagship company Berkshire Hathaway put money down, it's worth taking note. MidAmerican Energy Holdings, which is owned by Berkshire Hathaway, has just bought a 10 percent stake in BYD, a Chinese purveyor of cars and batteries. So far, BYD has been best known for a for several cars that draw strong styling "influence" from cars produced by othe
- Volvo shoots for self-drivers by 2021
- Jeep spends $1 billion on factories
- Find Parts & Accessories for your vehicle!
- Obama rolls out new EV plan
- Infiniti dealers ranked best, Tesla worst
- Compare Volvo XC90 and Lincoln MKX