The Auto Plus Auto Parts “Performance Promotion” offered the grand prize winner a 2019 Ford Mustang GT, as well as opportunities to win a Disney family vacation for four; a NASCAR VIP trip for two; and multiple $2,500 gift cards.
The initiative encourages more men and women to pursue viable careers in the skilled trades by partnering with technical training schools and offering scholarships, tuition reimbursement, creating apprenticeship and internship programs, job placement and continuing education opportunities.
The scholarship program is part of Icahn Automotive’s recently announced Race to 2026 initiative that aims to increase the number of trained technicians and help fill an industry-wide talent gap projected to grow to 46,000 over the next seven years.
Icahn Enterprises L.P.'s automotive segment reported $18 million and $52 million losses from continuing operations for the three- and six-month periods ended June 30, respectively, despite higher sales in both periods.
Jim Lang says Carl Icahn is practicing vertical integration. Contrary to horizontal integration, where firms control one component of a market or process, vertical integration engages multiple segments of production.