Berkshire-backed Chinese car maker BYD will begin manufacturing electric buses at a facility in California in order to take advantage of U.S. federal government subsidies that could cover up to 80% of the cost of each unit. At least one analyst who spoke to the WSJ considers the plan little more than a marketing gimmick.
(ht Christopher Barcelo)
I dislike Buffett more and more each passing day, I thought that was impossible.
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