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Berkshire Hathaway Is Buying The Van Tuyl Group auto dealership

Berkshire Hathaway Inc. announced today it was acquiring the Van Tuyl Group auto dealership.The terms of the deal have not yet been disclosed, but Berkshire did say they were changing the name of the company to Berkshire Hathaway Automotive after the sale was completed. Bill Smead, a chief investment officer at Smead Capital Management and Berkshire investor said, "It's reconfirmation of the overarching theme. And that is, he wants to put himself in the way of making a pile of money as the millennials emerge from their extended adolescence into being married parents."