China's BYD Sees Profits Plunge 89% in the First Half of 2011

With a billionaire like Warren Buffett backing you up and forming a partnership with none other than Daimler AG is supposedly a recipe for success. Yet Chinese automaker BYD reported a 89% drop in profits in the first half of the year compared to the same period in 2010.

BYD’s sales in the first six months of 2011 were down 23.4%, to 220,131 units. Deliveries of the core models of its range, such as the F0 city car, the F3 compact and the F6 mid-sized sedan plunged right after the governments incentives for new car buyers stopped at the end of last year.

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New Study Finds that Chinese Buyers Prefer European over Local Brands

Car buyers’ preferences in China are shifting towards European models and away from domestic and even Japanese vehicles, according to a new study published today by JD Power Asia Pacific. This is the third year that the study takes place.

The latest edition included 65 brands and 161 separate models in nine segments and is based on responses from 4,979 potential buyers of new-vehicles located in 53 cities.

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China's BYD Debuts Lexus RX-Inspired S6DM Dual-Mode Hybrid at Detroit Motor Show

Chinese automaker BYD marked its fourth consecutive appearance at the North American International Auto Show with the world premiere of the S6DM hybrid, with the DM in the name standing for "Dual-Mode".

The gasoline-electric hybrid is based on the Chinese firm's S6, a mid-size SUV model first introduced at the Shanghai Auto Show in 2009. And no, you're not the only one to find the overall styling of the S6 reminiscent of the previous generation Lexus RX.

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China's BYD Debuts Lexus RX-Inspired S6DM Dual-Mode Hybrid at Detroit Motor Show

Chinese automaker BYD marked its fourth consecutive appearance at the North American International Auto Show with the world premiere of the S6DM hybrid, with the DM in the name standing for "Dual-Mode".

The gasoline-electric hybrid is based on the Chinese firm's S6, a mid-size SUV model first introduced at the Shanghai Auto Show in 2009. And no, you're not the only one to find the overall styling of the S6 reminiscent of the previous generation Lexus RX.

Read more »