Remove 2008 Remove For Sale Remove Oil Remove South America
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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.

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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

Revenues, which have grown by about 45% annually during the past five years, reached $4 billion in 2008. He was paid about $265,000 in 2008, and he lives in a BYD-owned apartment complex with other engineers. Each of BYDs business units - batteries, mobile-phone components, and autos - was profitable in 2008, albeit on a small scale.

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