Warren Buffett

Exit strategy on Buffett deal? Not so fast, says Larry Van Tuyl

2:24 pm U.S. ET | Oct. 13, 2014
Selling to a highly respected outside investor such as Warren Buffett may have been the ideal exit strategy for Van Tuyl Group -- and one of the few exit paths available to such a large automotive retailer these days, said some dealership buy-sell advisers. But Larry Van Tuyl doesn’t see it that way....
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What, me worry? Hendrick says deal-hungry Buffett won't keep him from buying

12:01 am U.S. ET | Oct. 13, 2014
Car dealer Rick Hendrick has a message for auto retailers looking to sell their family business: He's still buying....
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Dealership consolidation is coming -- but how fast and how much?

12:01 am U.S. ET | Oct. 13, 2014
Dealership consolidation is expected to accelerate as Warren Buffett's entry into automotive retailing attracts more buyers, observers said....
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'THIS IS JUST THE BEGINNING'

Buffett's Van Tuyl purchase puts top retailers in cross hairs

12:01 am U.S. ET | Oct. 6, 2014
When Warren Buffett signed a deal to buy Van Tuyl Group last week through his Berkshire Hathaway Inc. investment company, he clearly signaled that the top four dealership groups are in his sights. With Buffett at its helm, the country's fifth-biggest dealership group is about to get a lot bigger....
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BUFFETT | VAN TUYL DEAL

For Buffett, long drive to next Cadillac

12:01 am U.S. ET | Oct. 6, 2014
Warren Buffet's Berkshire Hathaway Inc.'s purchase of the Van Tuyl Group means he probably won't be going back to Huber Cadillac, the Omaha, Neb., dealership where he bought a new XTS in May....
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BUFFETT-VAN TUYL DEAL

Reactions to Buffett-Van Tuyl deal

12:01 am U.S. ET | Oct. 6, 2014
Some reaction of the Warren Buffett, Van Tuyl deal from dealership groups and buy-sell groups....
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$4 billion deal? A win all around, experts say

12:01 am U.S. ET | Oct. 6, 2014
Experts in dealership buy-sells estimate Warren Buffett's Berkshire Hathaway Inc. paid $4 billion for Van Tuyl Group....
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BUFFETT | VAN TUYL DEAL

Buffett, already an investor, doubles down on autos

12:01 am U.S. ET | Oct. 6, 2014
Warren Buffett's purchase of the Van Tuyl Group may be his first foray into auto retailing, but he already has bet heavily on the turnaround of General Motors....
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BUFFETT | VAN TUYL DEAL

How Van Tuyl wooed Buffett

12:01 am U.S. ET | Oct. 6, 2014
The path to Warren Buffett's acquisition of dealership giant Van Tuyl Group began more than 10 years ago when Larry Van Tuyl became one of Berkshire Hathaway's shareholders....
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BUFFETT | VAN TUYL DEAL

Van Tuyl grew from 1 store to a colossus

12:01 am U.S. ET | Oct. 6, 2014
The Van Tuyl Group of Phoenix, the nation's fifth-largest dealership group and the largest privately held one, had humble beginnings. Founder Cecil Van Tuyl got his start in the auto industry in the 1940s selling used cars in Kansas City, Mo....
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BUFFETT | VAN TUYL DEAL

Buffett opens door for more outsiders

12:01 am U.S. ET | Oct. 6, 2014
Billionaire Warren Buffett is paving the way for more outside investors to buy large dealership groups, experts said. Buy-sell advisers say they have seen growing interest from private-equity and outside investors in buying car dealerships, but in recent weeks, the pace of that interest is quickening....
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EDITORIAL

Warren Buffett, the Oracle of Automotive

12:01 am U.S. ET | Oct. 6, 2014
Warren Buffett's investment is an endorsement of auto retailing and its prospects. And his statement that he's already looking to buy more dealerships will pour fuel on an already blazing buy-sell market....
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EDWARD NIEDERMEYER

Dissecting what it means when Buffett grabs the wheel

11:27 am U.S. ET | Oct. 4, 2014
Wherever Warren Buffett goes, investors follow. But for anyone who thinks now is the best time to buy into car dealerships, a quick reality check may be in order....
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BUFFETT | VAN TUYL DEAL

Berkshire Hathaway Auto CEO ready to accelerate growth

12:01 am U.S. ET | Oct. 4, 2014
As CEO of the future Berkshire Hathaway Automotive, Jeff Rachor is positioned to push the accelerator of growth. It's a role he knows well. Rachor has helped the Van Tuyl Group add a handful of stores annually since becoming COO in 2010....
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Van Tuyl founder was 'excited' about Buffett talks

12:01 am U.S. ET | Oct. 4, 2014
Larry Van Tuyl is looking to his father for inspiration on the next phase of his working life. Van Tuyl will become chairman of Berkshire Hathaway Automotive after the sale of his dealership group to Warren Buffett's investment company is complete....
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Buffett to buy Van Tuyl Group, create Berkshire Hathaway Automotive

8:40 am U.S. ET | Oct. 2, 2014
Warren Buffett's Berkshire Hathaway agreed to buy Van Tuyl Group, the largest privately owned auto dealership group in the United States. The business, with 75 dealerships at the end of last year, will be renamed Berkshire Hathaway Automotive....
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Barra says GM continues pursuit of 'zero defect mentality'

12:33 pm U.S. ET | Sept. 19, 2014
General Motors CEO Mary Barra told an event here today about being the target of Congress -- and "Saturday Night Live" -- and about befriending billionaire Warren Buffett. But she gave little detail on GM's new Cadillac to be built in Detroit....
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Warren Buffett is bullish on GM, Detroit

3:33 pm U.S. ET | Sept. 18, 2014
Billionaire investor Warren Buffett said today he is bullish on Detroit and General Motors -- and said he's impressed with CEO Mary Barra....
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How Warren Buffett landed a new Cadillac (and not a Subaru)

3:43 pm U.S. ET | July 15, 2014
Warren Buffett, who has made himself and others enormously wealthy by investing in some of America's biggest brands, says he's not about to go with Japanese wheels, no matter how practical....
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2014 BEIJING AUTO SHOW

Daimler, BYD show production-ready Denza EV

April 22, 2014 13:22 CET
Daimler and Chinese partner BYD unveiled a production-ready version of their Denza electric car at the Beijing auto show ahead of a sales launch in September....
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Buffett's Berkshire acquires MyAssist in-car concierge service used by Mercedes, Ford

4:49 pm U.S. ET | Jan. 27, 2014
Warren Buffett's Berkshire Hathaway is betting on a service that helps companies including Ford and Mercedes-Benz provide live, in-car support to drivers....
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Buffett: Auto bailout was the right move

12:01 am U.S. ET | Dec. 2, 2013
Investment demigod Warren Buffett says the auto bailout crew got it right....
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