USA: UnitedAuto forms German joint venture
UnitedAuto Group has entered into a partnership with German car retailer Werner Nix. UAG Germany GmbH has formed a 50/50 joint venture with Nix to operate the Toyota and Lexus franchises in Frankfurt and Offenbach/Wachtersbach, Germany. Recently, the joint venture was awarded an open point for Toyota and Lexus in the Frankfurt market. Nix currently operates the outlets in Offenbach and Wachtersbach and will oversee operations in Frankfurt. The dealerships will be named Autohaus NIX GmbH.
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