Warren Buffett is in the driver's seat when it comes to the "car of the future," says Fortune.
The magazine has put Buffett on its cover ("Buffett's Electric Car") along with the BYD E6, for a major story on Berkshire Hathaway's investment last fall in the Chinese company that is working to challenge the world's biggest automakers in the electric car arena. The cover asks, "If the Oracle's plugging in, shouldn't you?"
In the article by Marc Gunther, we learn that the idea of investing $230 million for 10 percent of the "obscure Chinese battery, mobile phone, and electric car company" first came from Buffett's partner Charlie Munger.
WBW POST: WARREN BUFFETT INVESTS IN CHINESE COMPANY DEVELOPING 'GREEN' CARS (SEPTEMBER 27, 2008)