Berkshire Hathaway (BRKA), Buffett's holding company, says it is buying one of the nation's largest ...

1. Now Warren Buffett wants to sell you a car
Berkshire Hathaway (BRKA), Buffett's holding company, says it is buying one of the nation's largest
chains of auto dealerships for an undisclosed amount. Van Tuyl Group is a privately held company
with 78 dealerships in 10 states. It has $8 billion in annual revenue.
The group will be renamed Berkshire Hathaway Automotive, and Buffett signaled he could be
looking at buying other participants in the field.
"This is just the beginning for Berkshire Hathaway Automotive," he said.
Shares of AutoNation (AN), the nation's largest dealership group, rose in premarket trading
following Buffett's announcement.
Related: Warren Buffet buys a new Caddy
Berkshire was already a participant in the auto sector, owning 2% of General Motors (GM), which
makes it one of the automaker's largest shareholders.
CNNMoney (New York) October 2, 2014: 8:41 AM ET
http://money.cnn.com/2014/10/02/news/companies/buffett-car-dealer/
More about cars here.