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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2011
Related Party Transactions [Abstract]  
Company's automotive joint venture relationships
             

Location

 

Dealerships

  Ownership
Interest
 
Fairfield, Connecticut   Audi, Mercedes-Benz, Sprinter, Porsche, smart     86.56 %(A) (B) 
Las Vegas, Nevada   Ferrari, Maserati     50.00 %(C) 
Frankfurt, Germany   Lexus, Toyota     50.00 %(C) 
Aachen, Germany   Audi, Lexus, Skoda, Toyota, Volkswagen     50.00 %(C) 

 

(A) An entity controlled by one of our directors, Lucio A. Noto (the “Investor”), owns a 13.44% 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 20% interest in the joint venture for specified amounts.
(B) Entity is consolidated in our financial statements.
(C) Entity is accounted for using the equity method of accounting.