Warren Buffett

A billion here, a billion there ...

12:01 am U.S. ET | June 15, 2015

In its latest earnings statement, Berkshire Hathaway valued its purchase of Van Tuyl Group at $4.11 billion, after adding up the value of the dealership group's assets and subtracting the liabilities that were assumed....
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Buffett extends a hand to dealers -- 'If we shake hands, we've got a deal'

12:01 am U.S. ET | April 6, 2015

With the deeper pockets of Berkshire Hathaway Inc. now backing it, the former Van Tuyl Group intends to add dealerships going forward. "In the next couple of years, we're likely to make a number of acquisitions," Berkshire Hathaway Chairman Warren Buffett said last week....
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Berkshire Hathaway Automotive targets growth, possibly abroad

3:00 pm U.S. ET | March 31, 2015

Berkshire Hathaway Automotive already is on the prowl to acquire more dealerships. And, top executives hinted today, that might include looking outside the US. Berkshire Hathaway closed on its purchase of Van Tuyl Group on March 9...
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Berkshire Hathaway completes Van Tuyl acquisition

10:51 am U.S. ET | March 10, 2015

Warren Buffett's Berkshire Hathaway completed its purchase of the Van Tuyl Group, the largest dealership acquisition in industry history. All aspects of the sale were finalized Monday. The new Berkshire Hathaway Automotive now is the fifth-largest dealership group in the US....
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HANS GREIMEL

BLOG: BYD heralds its vehicle sales in Japan

1:04 pm U.S. ET | March 4, 2015

Can the Chinese succeed where the Koreans and Americans largely have failed: penetrating Japan's auto market?...
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GM board should not have activist investor Wilson, Buffett says

1:41 pm U.S. ET | March 2, 2015

Warren Buffett, Berkshire Hathaway's CEO and one of the largest shareholders in General Motors, told CNBC today he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board....
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Buffett says Berkshire's job is to perform, grow in auto retail

11:16 am U.S. ET | March 2, 2015

With Berkshire Hathaway's purchase of the Van Tuyl Automotive dealership group materially complete, Warren Buffett already is looking toward how to expand his company’s dealership holdings....
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Buffett, Soros boost stakes in GM, report says

8:00 am U.S. ET | Feb. 18, 2015

Warren Buffett and George Soros, the billionaires making headlines with moves to invest in auto retail, have boosted their stakes in General Motors, The Wall Street Journal reported....
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EDITORIAL

New players are changing rules of retailing game

12:01 am U.S. ET | Feb. 2, 2015

If the deal by Warren Buffett's Berkshire Hathaway to buy the Van Tuyl Group wasn't enough of a signal, certainly the agents of billionaire George Soros' investment fund and other investor groups prowling the floors of the National Automobile Dealers Association convention in San Francisco last month removed all doubt. Bigger players have checked into the game....
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THE NEW FACE OF RETAIL?

Moguls, superrich families and private-equity titans prowl for dealerships

12:01 am U.S. ET | Feb. 2, 2015

First Warren Buffett. Then George Soros. Who's next? Outside investors are shopping for auto retailers in greater numbers - and with larger checkbooks - than the industry has ever seen....
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A deal-killer: Automakers' right of first refusal

12:01 am U.S. ET | Feb. 2, 2015

Expect automakers to exercise their right of first refusal on dealership buy-sell deals more often....
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RICHARD JOHNSON

BLOG: A new Gold Rush sweeps over California

12:45 pm U.S. ET | Jan. 25, 2015

Like Warren Buffett and George Soros, so-called hybrid buyers -- private equity funds and super-wealthy families and combinations of the two -- are on the hunt for dealership deals. This new category of dealership buyer could turn out to be as transformational as the six public groups that rolled up a significant part of the industry almost 20 years ago....
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Toyota welcomes Buffett to car business with Hollywood burgers

7:24 am U.S. ET | Jan. 13, 2015

When billionaire investor Warren Buffett became the newest entrant in the auto-dealership business last year, Toyota rolled out the red carpet. The world’s largest carmaker welcomed Buffett within weeks after his Berkshire Hathaway agreed to acquire Van Tuyl Group, the largest privately held US auto dealer group....
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2014 LISTS OF 10

2014 By the numbers

12:01 am U.S. ET | Dec. 29, 2014

A look back at interesting numbers that cropped up in 2014....
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Hendrick aims to keep legacies rolling

12:01 am U.S. ET | Dec. 1, 2014

Taking care of legacy employees is critical for closing the acquisition of a dealership, buy-sell advisers say....
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Rivals see Buffett as just another competitor

12:01 am U.S. ET | Oct. 25, 2014

Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans....
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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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