Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2014

Related Party Transactions

Schedule of automotive joint venture relationships

Location	Dealerships	Ownership Interest
Fairfield, Connecticut	Audi, Mercedes-Benz, Sprinter, Porsche, smart		82.19	%(A)(C)
Greenwich, Connecticut	Mercedes-Benz		80.00	%(B)(C)
Las Vegas, Nevada	Ferrari, Maserati		50.00	%(D)
Frankfurt, Germany	Lexus, Toyota, Volkswagen		50.00	%(D)
Aachen, Germany	Audi, Citroën, Kia, Maserati, SEAT, Skoda, Toyota, Volkswagen		50.00	%(D)
Northern Italy	BMW, MINI, Maserati		70.00	%(C)
Barcelona, Spain	BMW, MINI		50.00	%(D)

(A)	An entity controlled by one of our directors, Lucio A. Noto (the "Investor"), owns a 17.81% 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.
(C)	Entity is consolidated in our financial statements.
(D)	Entity is accounted for using the equity method of accounting.