Warren Buffett considers increasing his stake in Chinese carmaker BYD

first_img KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ Share Wednesday 29 September 2010 10:27 pm whatsappcenter_img whatsapp BILLIONAIRE investor Warren Buffett has discussed the possibility of raising his 10 per cent stake in car and battery maker BYD.In the past week, analysts and investors have speculated that Buffett, who is making a closely watched tour of China with former Microsoft chairman Bill Gates, might instead sell down his stake after the automaker hit several bumps on the road.That included sliding sales, delayed plans to export its electric cars and a legal dispute with the Chinese government over land it wants to develop. “We wouldn’t comment on what we are going to do,” Buffett said on the sidelines of an event in Beijing when asked about the prospect of increasing his BYD stake.BYD sources said Buffett had a closed-door meeting on Tuesday night with BYD officials in which the possibility of increasing the 10 per cent stake in BYD held by Buffett’s Berkshire Hathaway was the major topic.But it was unknown whether they had reached any conclusion. Warren Buffett considers increasing his stake in Chinese carmaker BYD Tags: NULLlast_img

Tags: , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Comments