Aug. 22, 2017—Icahn Automotive Group, which purchased 250 Precision Tune Auto Care locations in June 2017, today announced several major investments in the Detroit metropolitan region.
Icahn Automotive Group president Carl Icahn, as noted in a recent Ratchet+Wrench story, has engaged multiple segments of production in the auto service world. As the owner of Pep Boys and Just Brakes as well, Icahn's 1,000 shops will now buy their products from the Icahn-owned Auto Plus, which will buy its parts from the Icahn-owned Federal-Mogul, stretching Icahn’s pull in the marketplace.
Most recently, the company announced the acquisitions Precision Tune franchise locations in Detroit, and Phil Cavill’s Tire & Auto Service Center, a staple in the community of Clawson, Mich., for 34 years. This 10-bay shop will be converted to a full-service Pep Boys Service & Tire Center.
Pep Boys has extensively renovated its Detroit-area stores and dramatically expanded its parts and tire availability, adding more products to its local stores. Pep Boys, in conjunction with the company’s Auto Plus wholesale parts distribution arm, carries a full line of premium parts, including Moog chassis and Wagner braking products, as well as an exclusive line of Champion wipers, lighting, filters, batteries and ignition products.
In addition, the in-store Speed Shop in Pep Boys’ Eastpointe location caters to the many automotive enthusiasts in the area and features a broad selection of high-performance and appearance products.
The investments in Detroit are part of Icahn Automotive’s larger strategy to grow its national network and provide customers with the largest assortment of premium parts and tires as well as the highest quality total car care service.
“For 96 years, Pep Boys, a wholly-owned subsidiary of Icahn Automotive, has shared the Motor City’s passion and pride for all things automotive,” said Icahn Automotive CEO, Dan Ninivaggi. “We are excited to announce a multi-million-dollar expansion plan that includes new store openings, the extensive remodeling of several existing stores and the doubling of our parts inventory in the market.