register gallery
 

Go Back   Mazdaspeed Forums > MSF News And Event Info > Site News & Events > Automotive News


Welcome to Mazdaspeed Forums .

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

*When you join MSF as a registered user, there will be No Ads.

*Registered Members get access to the Off Topic Area of the Forum

*Registered Members have an opportunity to upgrade their accounts to VIP, which brings a host of goddies for supporting MSF such as Raffles, Additional Forum Access, More PM Storage, The ability to upload more Images and many other enhancements.

*Registered members also get access to the live chat box!
Reply
 
Bookmark and Share LinkBack Thread Tools Search this Thread Display Modes
 Old 10-14-2014, 11:20 AM   #1
Eatin' Your Tuna
 
Haltech's Avatar
 
Join Date: Feb 2008
Location: Nator HQ - San Diego, CA
Posts: 109,629
iTrader: (0)
Rep Power: 10
Haltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the worldHaltech is the leader of the world
Thanks: 1,601
Thanked 41,991 Times in 8,187 Posts
Groans: 244
Groaned at 329 Times in 243 Posts
(Thread Starter)
Default Does Warren Buffett's dealership acquisition foreshadow Chinese car sales in US?

Filed under: Car Buying, China



The US auto dealer industry recently saw a huge shakeup when Warren Buffett's Berkshire Hathaway investment company bought Van Tuyl Group, the country's largest privately owned network of showrooms, for an undisclosed sum. Assuming the deal's regulatory success, it immediately made Buffet one of the nation's largest car retailers. But could the acquisition have come as part of a larger plan to launch a Chinese automaker in the US?

According to Ward's Auto, Berkshire Hathaway could be opening the way to sell vehicles from Chinese automaker BYD in the US, which the investor already owns a stake in. Such an arrangement might conceivably give BYD a leg up in the market because it would have a ready made dealer network to use. Although, according to Ward's Auto, such an arrangement could violate state franchise laws. However, Tesla is showing that they might not be the biggest obstacles if there's a will to fight in court.

This is hardly the first rumor of a Chinese automaker possibly coming to the US. Despite the steady drip of speculation about Geely or Great Wall launching here, so far, none of them are making it happen. BYD might be different, though. In addition to Berkshire Hathaway's backing, it's rumored to want to break into the American passenger car business, possibly in 2015. The automaker already operates a factory building electric buses in California, which gives it a small toehold in the market.

Van Tuyl is already ranked as the fifth largest dealer network in the country, according to Berkshire Hathaway, and Buffet is fairly clear that its 78 stores in 10 states is likely just the beginning of his expansion into the car selling business. It might be a good platform to get BYD onto the US market.Does Warren Buffett's dealership acquisition foreshadow Chinese car sales in US? originally appeared on Autoblog on Tue, 14 Oct 2014 14:15:00 EST. Please see our terms for use of feeds.



Permalink | Email this | Comments

More...
Haltech is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Warren Buffet buys largest private US car dealership chain [w/video] Haltech Automotive News 0 10-03-2014 05:10 AM
Warren Buffett praises Barra's handling of GM 'hotseat' [w/video] Haltech Automotive News 0 05-05-2014 11:30 AM
Warren Buffett's China car deal could backfire Haltech Automotive News 0 03-13-2011 09:10 PM
To Chuanfu! Thanks for Everything, Warren Buffett Haltech Automotive News 0 10-02-2009 04:10 PM
Warren Buffett reportedly rakes in $1B profits on BYD in less than one year Haltech Automotive News 0 08-04-2009 07:30 AM


All times are GMT -7. The time now is 07:08 PM.
Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
vB.Sponsors
Template-Modifications by TMS
©Copyright 2008 ; 2019 Cymru Internet Services LLC | FYHN™ Autosports HQ
Ad Management plugin by RedTyger
Page generated in 0.23420 seconds with 20 queries