Warren Buffett loves Chinese Cars

Warren Buffett's Chinese Cars Will Start Killing The US Auto Industry As Soon As This Year

Vincent Fernando
Jan. 13, 2010, 7:12 AM

BYD, the upstart Chinese electric car maker Warren Buffett famously has an investment in, is planning enter the U.S. market as soon as the second half of this year.

Considering the U.S. market entrance by multiple new auto players (from Chinese firms BYD and Geely, to India's Tata and even U.S. upstart Tesla Motors) expect auto industry competition to get far more intense than it already is.

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Brilliance China Automotive To Delist From NYSE

Brilliance China Automotive Holdings, the first Chinese auto company to list its shares on the New York Stock Exchange, said it plans to withdraw that listing from the NYSE because of a decline in trading volume and a concurrent rise in administrative costs.