BLOOMFIELD HILLS, MI-UnitedAuto Group Inc. has acquired a 75% interest in a German auto dealership that operates six franchises in Hamburg and Bremen, in the northern part of Germany. Bloomfield Hills-based UnitedAuto acquired an interest in Tamsen GmbH, which operates Ferrari, Maserati, Aston Martin, Rolls-Royce, Bentley and Lamborghini franchises in Germany.

For 2004, the Tamsen franchises have projected revenue of about $85 million. The remaining 25% interest in Tamsen will continue to be held by Heiner Tamsen, and he will manage the business with UnitedAuto Group.

“The realization of our strategic plans demands a strong partner. I am proud and enthusiastic to team up with UnitedAuto Group–one of the world leaders in car retailing,” Heiner Tamsen says.

UnitedAuto, a Fortune 500 company, is the second-largest publicly traded automotive retailer in the US as measured by total revenue. UnitedAuto operates 138 automotive franchises in the US and 94 internationally, primarily in the United Kingdom.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.