Investment-blog.net: Stocks, Emerging markets, Bonds, Currencies and Commodities

TEL AVIV (MarketWatch) - A Berkshire Hathaway Inc. subsidiary agreed to buy 10% of BYD Co., a Chinese producer of rechargeable batteries, electric cars, and car parts, for US$230 million, the companies said late on Friday.

BYD’s Website says the company’s 130,000 workers produce information-technology products including nickel-cadmium and lithium-ion rechargeable batteries, mobile-phone displays, keypads and housings; laptop-computer keypads, and more.
On the vehicle side, the company produces electric cars, ranging from economy to luxury models, as well as car molds and car parts.

MidAmerican, based in Des Moines, Iowa, and held 87.4% by Berkshire Hathaway, provides electric and natural-gas service to customers through a number of companies.

http://www.marketwatch.com/news/story/berkshire-powers-electric-cars-buy-10/story.aspx?guid=%7BA0737406%2D0BEC%2D4527%2D84CB%2D8EEA08BD1792%7D&dist=hplatest

Did you like this? If so, please bookmark it,

about it, and subscribe to the blog RSS feed.

Possibly Related Posts:

• US Financial Stocks Drop After Oppenheimer Comment On Capital Need
• Intel cuts fourth-quarter sales target - again
• Fourth-Quarter Earnings: How Bad? - Investors are expecting something abysmal. Could earnings that are merely bad spark a rally?
• Stock Rating Reiterations: AGII BLKB CEL CNMD CSGS
• Xbox 360 Records Its Biggest Year Ever - Xbox LIVE Community Grew To More Than 17M Active Members

Did you like this? If so, please bookmark it, about it, and subscribe to the blog RSS feed.

Technorati Tags: 7d, Berkshire Hathaway, Berkshire Hathaway Inc, Buffett, Car Parts, Computer Keypads, Des Moines, Electric Cars, Information Technology Products, Laptop Computer, Lithium, Lithium Ion, Luxury Models, Marketwatch, Moines Iowa, Molds, Natural Gas Service, Nickel Cadmium, Phone Displays, Rechargeable Batteries