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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2013
Related Party Transactions |
Schedule of automotive joint venture relationships | As of December 31, 2013, our automotive joint venture relationships were as follows:
Location |  | Dealerships |  | Ownership Interest |
Fairfield, Connecticut |  | Audi, Mercedes-Benz, Sprinter, Porsche, smart |  | 83.57 | %(A) (C)
Greenwich, Connecticut |  | Mercedes-Benz |  | 80.00 | %(B) (C)
Las Vegas, Nevada |  | Ferrari, Maserati |  | 50.00 | %(D)
Frankfurt, Germany |  | Lexus, Toyota |  | 50.00 | %(D)
Aachen, Germany |  | Audi, Lexus, Skoda, Toyota, Volkswagen, Citroën |  | 50.00 | %(D)
Northern Italy |  | BMW, MINI |  | 70.00 | %(C)
(A) An entity controlled by one of our directors, Lucio A. Noto (the “Investor”), owns a 16.43% interest in this joint venture which entitles the Investor to 20% of the joint venture’s operating profits. In addition, the Investor has an option to purchase up to a total 20% interest in the joint venture for specified amounts. (B) An entity controlled by one of our directors, Lucio A. Noto (the “Investor”), owns a 20% interest in this joint venture which entitles the Investor to 20% of the joint venture’s operating profits. (C) Entity is consolidated in our financial statements. (D) Entity is accounted for using the equity method of accounting.

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- Definition A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. + References No definition available. + Details
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