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Thread: Warren Buffett takes charge

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    Warren Buffett takes charge

    America nationalizes its industry while a Chinese citizen goes from batteries to purchasing a defunct Chinese auto maker and hooks Warren Buffett; no easy task.

    I wonder how Obama Lada's are going to do compared to cars produced from Buffett & Co.

    Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009
    Wang Chuan-Fu started BYD (the letters are the initials of the company's Chinese name) in 1995 in Shenzhen, China. A chemist and government researcher, Wang raised some $300,000 from relatives, rented about 2,000 square meters of space, and set out to manufacture rechargeable batteries to compete with imports from Sony and Sanyo. By about 2000, BYD had become one of the world's largest manufacturers of cellphone batteries. The company went on to design and manufacture mobile-phone handsets and parts for Motorola (MOT, Fortune 500), Nokia (NOK), Sony Ericsson, and Samsung.

    Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct. He knew very little about making cars but proved to be a quick study. In October a BYD sedan called the F3 became the bestselling sedan in China, topping well-known brands like the Volkswagen Jetta and Toyota (TM) Corolla.

    BYD has also begun selling a plug-in electric car with a backup gasoline engine, a move putting it ahead of GM, Nissan, and Toyota. BYD's plug-in, called the F3DM (for "dual mode"), goes farther on a single charge - 62 miles - than other electric vehicles and sells for about $22,000, less than the plug-in Prius and much-hyped Chevy Volt are expected to cost when they hit the market in late 2010. Put simply, this little-known upstart has accelerated ahead of its much bigger rivals in the race to build an affordable electric car. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania.
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    Re: Warren Buffett takes charge

    Quote Originally Posted by zimmer View Post
    America nationalizes its industry while a Chinese citizen goes from batteries to purchasing a defunct Chinese auto maker and hooks Warren Buffett; no easy task.

    I wonder how Obama Lada's are going to do compared to cars produced from Buffett & Co.

    Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009
    Excuse but what automaker has been nationalized here in the USA. The government right now is telling GM to prepare for a possible bankruptcy.

    GM preparing for possible bankruptcy: report
    http://www.marketwatch.com/news/story/gm-preparing-possible-bankruptcy-report/story.aspx?guid={9BE2FACB-AE20-4915-ACC0-382664116BBC}&dist=msr_17

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    Re: Warren Buffett takes charge

    Buffet should be running the FED

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    Re: Warren Buffett takes charge

    Hmm bump extreme?
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    Re: Warren Buffett takes charge

    I wonder what the safety and emissions standards are like in China. Pretty easy to produce a cheap car if you are making a Model-T.
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    Re: Warren Buffett takes charge

    Quote Originally Posted by zimmer View Post
    America nationalizes its industry

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    Re: Warren Buffett takes charge

    Quote Originally Posted by Tsunami View Post
    I wonder what the safety and emissions standards are like in China. Pretty easy to produce a cheap car if you are making a Model-T.
    Really? Why don't you try it sometime.

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    Re: Warren Buffett takes charge

    Quote Originally Posted by TOJ View Post
    Really? Why don't you try it sometime.

    .
    What's the point, it wouldn't be legal here any more than the Chinese car.
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    Re: Warren Buffett takes charge

    Quote Originally Posted by danniv View Post
    Buffet should be running the FED
    Buffet should stay right where he is, so he can make me even richer.

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    Re: Warren Buffett takes charge

    Quote Originally Posted by Tsunami View Post
    What's the point, it wouldn't be legal here any more than the Chinese car.
    Because it would be so easy.

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