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Official

Berkshire Hathaway has officially taken over the Van Tuyl Group of automobile dealers across the South and Midwest, putting Warren Buffett in charge of the nation's fifth-largest chain of dealerships.

Report

When Warren Buffet makes an investment, people pay attention. That's just one of the perks of being one of the richest men in the world, and his latest move is a big one. Buffet's Berkshire Hathaway investment company is to hopping into the auto business in a huge way by buying Van Tuyl Group, the nation's largest privately owned auto dealer network, for an undisclosed sum.