UPDATE 2-Buffett-backed BYD slashes car prices

Newswire

* Cuts prices by up to 19.3 percent * Move may boost volume but will hurt margins - analyst * BYD shares fall 2 pct, price war looms in lower-end segment (Recasts with analyst comment) By Alison Leung HONG KONG, Feb 18 (Reuters) - Warren Buffett-backed Chinese carmaker BYD Co Ltd slashed prices of five models by up to one-fifth, fuelling concerns it would spark a price war in the lower segment of the world's largest auto market. BYD said the price cut was to gain market share, but ...

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