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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2016
Related Party Transactions |
Schedule of automotive joint venture relationships |
Location |  | Dealerships |  | Ownership Interest
Fairfield, Connecticut |  | Audi, Mercedes-Benz, Sprinter, Porsche, smart |  | 80.00 | % (A) (B)
Greenwich, Connecticut |  | Mercedes-Benz |  | 80.00 | % (A) (B)
Northern Italy |  | BMW, MINI, Maserati, Porsche, Audi, Land Rover, Volvo, Nissan |  | 84.00 | % (B) (E)
Aachen, Germany |  | Audi, Maserati, SEAT, Skoda, Volkswagen |  | 68.00 | % (C)
Frankfurt, Germany |  | Lexus, Toyota, Volkswagen |  | 50.00 | % (D)
Barcelona, Spain |  | BMW, MINI |  | 50.00 | % (D)
Tokyo, Japan |  | BMW, MINI, Rolls-Royce, Ferrari, ALPINA |  | 49.00 | % (D)
| (a) |  | An entity controlled by one of our directors, Lucio A. Noto, owns a 20% interest in this joint venture.
| (b) |  | Entity is consolidated in our financial statements.
| (c) |  | Entity is consolidated in our financial statements as a result of our purchase of an additional 10% interest in this joint venture in the third quarter of 2015. In March 2016, we acquired an additional 8% interest in this joint venture.
| (d) |  | Entity is accounted for using the equity method of accounting.
| (e) |  | In October 2016, we made an additional investment in this joint venture, which increased our ownership interest from 70% to 84%. This additional investment funded our acquisition of seven retail automotive franchises in October 2016, consisting of three Porsche franchises, one Audi franchise, one Land Rover franchise, one Volvo franchise, and one Nissan franchise in the Bologna, Italy market.

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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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