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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2017
Related Party Transactions  
Schedule of automotive joint venture relationships

 

 

 

 

 

 

Location

    

Dealerships

    

Ownership Interest

Fairfield, Connecticut

 

Audi, Mercedes-Benz, Sprinter, Porsche

 

80.00

% (A) (B)

Greenwich, Connecticut

 

Mercedes-Benz

 

80.00

% (A) (B)

Northern Italy

 

BMW, MINI, Maserati, Porsche, Audi, Land Rover, Volvo

 

84.00

% (B)

Aachen, Germany

 

Audi, Maserati, SEAT, Skoda, Volkswagen

 

68.00

% (B) (D)

Frankfurt, Germany

 

Lexus, Toyota, Volkswagen

 

50.00

% (C)

Barcelona, Spain

 

BMW, MINI

 

50.00

% (C)

Tokyo, Japan

 

BMW, MINI, Rolls-Royce, Ferrari, ALPINA

 

49.00

% (C)

                                                 

(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 accounted for using the equity method of accounting.

(d)

In February 2018, we acquired an additional 7.4% ownership interest in this joint venture and now own 75.4%.