News from elsewhere on the web (27 Oct 2010)

Chinese electric car maker sees earnings plummet

BYD Co, a Chinese carmaker backed by US billionaire Warren Buffett, posted a 99 percent drop in third quarter earnings as its sales strategy backfired and it slipped behind competitors, Reuters reported on Monday.

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http://en.ce.cn/subject/chinamarkets/marketpic/201010/26/t20101026_21918946.shtml
Audi aims to boost China sales by 1M in next 3 years

German luxury carmaker Audi AG, owned by Volkswagen Group, expects to sell its next million vehicles in China in three years - some 20 years faster than its first million, according to Chinese reports.

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http://en.ce.cn/subject/mncsinchina/mncsinchinamncs/201010/26/t20101026_21918249.shtml