Plugged In
Stay plugged in to technology news. Cox staffers across the country and around the globe bring you breaking tech news and other high-tech tidbits and explain what it all means to you and your community -- 24 hours a day, seven days a week. Only with "Plugged In."RSS feed
What's on this page →
The entry titled "Manny, Moe, Jack - and Michael," and any of the comments about it.
Commenting is open from 8 a.m. to 5 p.m. M-F
Recent entries
- AMD spins off manufacturing operations in Austin & elsewhere (Update 1)
- eBay adds businesses, cuts jobs
- Sony unveils digital book with touch screen
- Dell loading Iron Man on PCs
- Applied Materials adds former DOE exec to board
- Oracle entering hardware business
- Dell sees the light on LED displays
- More entries...
Home > Plugged In > Archives > 2008 > May > 07 > Entry
Manny, Moe, Jack - and Michael
It looks like Michael Dell is getting into the car business.
MSD Capital, the private investment firm for Dell Inc. founder Michael Dell and his family, said Wednesday it has teamed up with the former CEO of the Pep Boys auto parts stores to start a chain of premier car dealerships across the country.
Dell’s new partner Jeffrey Rachor will run MSD Automotive Partners from headquarters in Chattanooga, Tenn. No word just yet on where the company wants to open its high-end car lots.
Rachor served as president and CEO of Pep Boys - Manny, Moe & Jack for about a year before leaving in April. Previously, he ran car retailer Sonic Automotive.
Dell, as one of the richest guys on the planet, can of course drive just about anything he wants. In a statement, MSD Capital partner Howard Berk said the investment house has been looking to get into the car business for several years.
Founded in 1998, MSD Capital exclusively handles the investments of Dell and his family. Currently, the New York-based firm has more than $12 billion in assets.
Comments