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Tony Karrer Delicious EVdriven
APRIL 16, 2009
Then Mr. Wang, as he’s known, got into the automobile business by buying a failing state-owned carmaker. That track record—and that potential—is what persuaded Warren Buffett’s company, Berkshire Hathaway, to buy 10% of BYD last fall for $230 million. This could turn out to be one of Buffett’s very best deals.
Tony Karrer Delicious EVdriven
APRIL 16, 2009
More from Fortune No party for Citis owners: You and me Is it time to buy American Express? Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct. Berkshire Hathaway first tried to buy 25% of BYD, but Wang turned down the offer. " One more thing reassured him.
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