Buffett says he'll buy more auto dealerships

March 31, 2015 7:23 PM

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NEW YORK -- Successful investor Warren Buffett, who owns shares of General Motors, and 78 auto dealerships in 10 states, says he'd like his Berkshire Hathaway to buy more.

"It can be a good and very profitable business," he said at an auto industry conference here today, ahead of the New York auto show that displays models to the media this week and is open to the public Friday through April 12.

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