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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2018
Related Party Transactions  
Schedule of automotive joint venture relationships

 

 

 

 

 

 

Location

    

Dealerships

    

Ownership Interest

Fairfield, Connecticut

 

Audi, Mercedes-Benz, Sprinter, Porsche

 

80.00

% (A)

Greenwich, Connecticut

 

Mercedes-Benz

 

80.00

% (A)

Northern Italy

 

BMW, MINI, Maserati, Porsche, Audi, Land Rover, Volvo, Mercedes-Benz, smart, Lamborghini

 

84.00

% (A)

Aachen, Germany

 

Audi, Maserati, SEAT, Skoda, Volkswagen

 

79.35

% (A) (C)

Frankfurt, Germany

 

Lexus, Toyota, Volkswagen

 

50.00

% (B)

Barcelona, Spain

 

BMW, MINI

 

50.00

% (B)

Tokyo, Japan

 

BMW, MINI, Rolls-Royce, Ferrari, ALPINA

 

49.00

% (B)

                                                 

(a)

Entity is consolidated in our financial statements.

(b)

Entity is accounted for using the equity method of accounting.

(c)

In 2018, we acquired an additional 11.4% ownership interest in this joint venture and now own 79.4%.  We previously owned 68%.