For 2004, the Tamsen franchises have projected revenue of about$85 million. The remaining 25% interest in Tamsen will continue tobe held by Heiner Tamsen, and he will manage the business withUnitedAuto Group.
"The realization of our strategic plans demands a strongpartner. I am proud and enthusiastic to team up with UnitedAutoGroup--one of the world leaders in car retailing," Heiner Tamsensays.
UnitedAuto, a Fortune 500 company, is the second-largestpublicly traded automotive retailer in the US as measured by totalrevenue. UnitedAuto operates 138 automotive franchises in the USand 94 internationally, primarily in the United Kingdom.
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