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December 7, 2025
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August 31, 2022

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Buffett’s company trims its stake in Chinese EV maker BYD

The Cheap Investor3 years ago3 years ago02 mins

OMAHA, Neb. (AP) — Warren Buffett’s company has trimmed its stake in Chinese electric car and battery maker BYD for the first time since it bought the shares in 2008, an investment that has soared in value. Berkshire Hathaway said in a regulatory filing Tuesday with the Hong Kong stock exchange that it had sold…

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Equity is goal, not mandate, in California electric car rule

The Cheap Investor3 years ago3 years ago05 mins

SACRAMENTO, Calif. (AP) — Discounted prices, car-share programs and at least one million more public charging stations are among the ways California will try to make electric cars easier to buy and drive as it phases out the sale of gas-powered cars. But the state won’t force automakers to participate in any equity programs designed…

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