Profit At Buffett-Backed Chinese Automaker BYD Tanked 94% In '12; Reversal Expected

Profit at BYD, the Chinese manufacturer of autos, batteries and phone components 10% owned by Warren Buffett?s Berkshire Hathaway, plunged by 94% to 81 million yuan, or $13 million,  in 2012, the company said this evening.