WRAPUP 1-Warren Buffett says investors should stick with index funds
NEW YORK, Feb 25 Berkshire Hathaway Inc Chairman Warren Buffett on Saturday ramped up his criticism of Wall Street, saying investors should "stick with low-cost index funds."
BEIJING Jan 7 General Motors Co and its Chinese joint ventures sold a record 3.16 million vehicles in China in 2013, an 11.4 percent increase from a year earlier, the U.S. automaker said on Tuesday.
In December sales were 271,002 vehicles, an increase of 11.8 percent year on year. In November sales rose 13.3 percent on the year.
"GM maintained good growth momentum in our company's largest market, despite a modest slowdown in demand for commercial vehicles," said Matt Tsien, president of GM China, in a statement on the company's website.
"We benefited from a broad portfolio of models and brands that are meeting the diverse needs of vehicle buyers across China."
GM makes vehicles in China in partnership with FAW Group and SAIC Motor Corp Ltd.
Feb 25 Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 15 percent from a year earlier, helped by gains from investments and derivatives.
NEW YORK, Feb 25 Berkshire Hathaway Inc Chairman Warren Buffett on Saturday offered his latest critique of fund managers, saying that "both large and small investors should stick with low-cost index funds."