April 17, 2017      7:12 PM

Amid questions about owning automaker and dealer, Warren Buffett arriving at Texas Capitol

Buffett is set to meet with Patrick and Abbott. Because of Berkshire Hathaway’s interests in both an automaker and dealerships – potentially facing complications because of the three-tier system – Buffett may seek legislative relief

The billionaire head of Berkshire Hathaway, legendary investor Warren Buffett, arrived in Austin today to meet with Gov. Greg Abbott and Lt. Gov. Dan Patrick while speculation mounts that he may be seeking legislative relief because his company may be in violation of the Texas auto industry’s three-tiered system.

In 2015 – after the last legislative session – Berkshire Hathaway purchased all of the Van Tuyl properties in the US, including automotive dealerships in Texas.

Copyright April 17, 2017, Harvey Kronberg, www.quorumreport.com, All rights are reserved