Buffett-backed BYD says profit will return to growth in 2013

Newswire

HONG KONG, Aug 28 (Reuters) - BYD Co Ltd , a Chinese carmaker backed by billionaire U.S. investor Warren Buffett, said on Tuesday that it expected to see a return to profit growth in 2013 after the completion of a three-year restructuring. Chairman Wang Chuanfu was speaking at an earnings briefing a day after the company posted a 94 percent drop in first-half earnings, underperforming most of its rivals as sales sagged and its solar energy business lost money. ...

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