Business

Warren Buffett Buys Largest Privately Owned Auto Dealership Group

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Warren Buffett, who already owns a private jet company and a railroad operating company is now in the business of selling cars. The uber billionaire announced that his company Berkshire Hathaway has agreed to purchase the Van Tuyl Group which is the largest privately-owned auto dealership group.

The Van Tuyl Group was started in 1955 with one location and now it has 78 locations and with revenues of about $8 billion. The actual sale price or the deal was disclosed.

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