What Berkshire's Auto Dealership Acquisition Means For Mutual Fund Investors

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Warren Buffett Looking at the camera

News

What Berkshire's Auto Dealership Acquisition Means For Mutual Fund Investors

Shauna O'Brien Oct 02, 2014



Inside the Acquisition


The company, which will be renamed Berkshire Hathaway Automotive will operate 78 dealerships and more than 100 franchises in 10 states. Buffett noted that the strategy with this acquisition will include pursuing additional dealerships to acquire.

Buffett noted, “I fully expect we’ll buy a lot more dealerships over time.”

“We will hear, I predict, from hundreds of dealerships in the next year,” he added.

The deal is expected to close in the first quarter of 2015 and is subject to approvals from the major auto manufacturers and other regulatory conditions.


Mutual Funds to Watch


Below are the mutual funds with the largest stakes in Berkshire Hathaway.


The Bottom Line


Be sure to check out Does Buffett Own It? to test your Berkshire acquisition knowledge.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book