Warren Buffett gets into auto business
October 02, 2014 at 08:00 AM EDT
Warren Buffett is getting into the auto business.. The billionaire investor announced on CNBC Thursday that he's buying Van Tuyl Group, the nation's largest, privately-held car dealership chain. It'll be renamed Berkshire Hathaway Automotive, but still be run by Larry Van Tuyl, who'll become chairman.