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Buffett Backs China Green-Auto Venture

http://www.businessweek.com –

Warren Buffett has taken a green leap forward. Des Moines-based MidAmerican Energy, controlled by Buffett's Berkshire Hathaway (BRKA), plans to pay about $231 million for a 10% stake in Chinese auto and battery maker BYD Co. which expects to roll out fully electric cars before the end of next year.

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Hao'd by chinanews 14 weeks 2 days ago- – Made popular 14 weeks 1 day ago
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