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PHILADELPHIA--(BUSINESS WIRE)--Icahn Automotive Group LLC, a wholly-owned subsidiary of Icahn Enterprises L.P. (NASDAQ: IEP), announced that it has entered into a definitive agreement to acquire automotive service company Precision Auto Care, Inc., parent company of Precision Tune Auto Care. “ The acquisition of Precision Auto Care, with more than 250 corporate-owned and franchised Precision Tune service locations in the United States, is the next step in building out our national automotive service network,” said Daniel A. Ninivaggi, CEO of Icahn Automotive Group LLC. “ Coupled with our existing footprint of more than 1,000 corporate-owned locations, as well as our in-house automotive parts and tire distribution capabilities, we are uniquely positioned to provide high-quality parts, tires and services to our customers at the most competitive price.” Precision Auto Care, in business for more than 40 years, has service locations in 26 states, with concentrations in Georgia, North Carolina and South Carolina. “ These full-service shops will continue to operate as Precision Tune locations and will be led by Robert Falconi, who will remain CEO of Precision Auto Care,” said Ninivaggi. “ We are pleased to welcome a number of strong independent franchisees to our organization. I would like to thank the Precision Tune franchisees, particularly the Grimaud and Allbert families, for their support. We look forward to working with these business owners and Robert to grow the Precision brand.” Icahn Automotive Group LLC was formed by its parent, Icahn Enterprises L.P., to invest in and operate businesses involved in aftermarket parts distribution and service. Our businesses have a singular focus: provide premium automotive parts and services at a great value. The businesses of Icahn Automotive Group today consist of Pep Boys, an automotive aftermarket retail and service chain, and Auto Plus®, an automotive aftermarket parts distributor. Precision Auto Care, Inc.’s affiliate, Precision Franchising LLC, is one of the world’s leading franchisors of auto care centers, with 316 operating centers as of May 3, 2017. The Company franchises Precision Tune Auto Care centers around the world. This release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or words of similar meaning. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.


News Article | June 2, 2017
Site: www.prweb.com

West Automotive Group opened a new location, West Kearny Mesa Automotive & Transmission, Wednesday, May 24, 2017 in San Diego, Calif. The new automotive repair facility is the brand’s third location. West Automotive Group has another location in El Cajon, Calif., and its flagship shop is located in Escondido, Calif. Owner, Brian Bowersock, is known in the San Diego County area as The Auto Man, and he discusses automotive repair tips and general automotive information on weekly television and radio segments on local channels. “We’re very excited to be able to provide top-quality automotive repair and service to even more drivers in San Diego County,” said Bowersock. “We can’t wait to see the success this new location achieves and the wonderful community it builds,” he continued. All locations are full-service repair facilities and specialize in transmission repair, offering customers a one-stop shop for all things automotive repair. All businesses operate under one central brand - West Automotive Group - and Bowersock hopes to eventually continue the brand’s expansion to serve even more drivers. All three West Automotive Group locations provide general automotive and transmission repair services, fleet maintenance and repair, and hybrid repair services. They are open weekdays from 7:15 a.m. - 6 p.m., and the Escondido location has Saturday hours from 7:30 a.m. - 2 p.m. Visit the website for further location information. West Automotive Group has three locations providing the best automotive and transmission repairs in San Diego County. Each location offers the latest and most sophisticated auto service by only employing skilled technicians who are trained to use the latest technology. West Automotive Group's repair facilities have provided prompt service at a fair price since 1993.


News Article | June 1, 2017
Site: www.businesswire.com

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Assessment of the Indo-China Luxury Car Market 2017" report to their offering. Assessment of the Indo-China Luxury Car Market 2017' highlights key dynamics of China's luxury car market. The growing opportunity in the sector has been investigated along with capturing initiatives and performance of key players such as Volkswagen AG, Daimler AG, Bayerische Motoren Werke AG (BMW), Tata Motors Limited, General Motors Company, Maserati S.p.A. and Porsche AG. The report contains latest industry-related opinions. India is one of the largest passenger vehicle markets in the world and vehicle manufacturers both in the passenger and luxury segment see a huge potential for sales growth in the country. While the luxury car penetration level in the country is low but leading luxury car manufacturers are betting on the market's potential. Luxury car penetration in India currently stands at 1.1% as compared with 2.7% in Brazil. While, the September 2015 ban on diesel vehicles in the National Capital Region coupled with demonetisation has posed a challenge for players, they are still optimistic. In 2017, in China, the luxury car segment is seeing strong growth. Mercedes-Benz witnessed its best ever month in terms of sales in China in March 2017 with sales growth of 32.1% year-on-year (49,871 units). The Company's first quarter 2017 sales grew by 37.3% to 144,947 units. Traditionally China has been one of the most important international luxury car markets and the country has been attracting huge foreign investment. In 2015, Daimler and their joint venture partner Beijing Automotive Group announced their intention to spend USD 1.37 billion to increase Mercedes capacity at their Beijing plant to double. The current Chinese Government's corruption crackdown has dampened the luxury market in the country. Luxury cars, business jets and yachts are some of the sectors that have been adversely affected. However, the outlook for the luxury car market in China is bright. It is expected that by 2020 China will become the world's leading luxury car market leaving the United States behind. For more information about this report visit http://www.researchandmarkets.com/research/kqmsh4/assessment_of_the


Mouti Z.,Cranfield University | Westwood K.,Automotive Group | Kayvantash K.,Cranfield University | Njuguna J.,Cranfield University
Materials | Year: 2010

This paper concerns automotive parts located underneath the engine and in particular the engine oil pan. Classically made of stamped steel or cast aluminum, new developments have allowed the manufacture oil pans with polyamide 66 reinforced by 35% weight of short glass fiber. However, polyamides have some limitations and the most significant is their response to localized impact loading. The nature of the impact considered here is of a typical stone collected from the road and projected into the oil pan. Low velocity impact investigations were carried out using a gas gun and drop weight tower. The study shows that the design of the oil pan has a significant contribution in the shock absorption. In addition to the material properties, the geometry and the ribbing both cleverly combined, increase the impact resistance of the component significantly. Areas of oil pan design improvement have been identified and conclusions drawn. © 2010 by the authors.


Mouti Z.,Cranfield University | Westwood K.,Automotive Group | Long D.,Automotive Group | Njuguna J.,Cranfield University
Steel Research International | Year: 2012

This paper investigates low velocity impact involving a glass fiber-reinforced polyamide engine oil pan as part of a complete new development of thermoplastic components. The assessment of the impact resistance has driven the need to employ LS DYNA for finite element modeling in order to benchmark and predict the strength and fracture behavior of stressed plastic parts. In order to develop a reliable predictive capability and to validate simulations, complete components were manufactured by injection molding techniques for the experimental samples. Low velocity impact investigations were carried out using a gas gun and a falling weight tester in order to simulate impact events to which the oil pan is subjected whilst in operational service. This was intended to point out damage tolerance and failure mechanisms likely to occur in the structure. The study results show the significant contribution of the design in terms of shock absorption. Specific oil pan design with protective ribbing combined with a superior material considerably improves the impact resistance. The paper provides results and discussions on experimental and finite element analysis investigations before concluding with some remarks. This paper investigates low velocity impact involving a glass fiber-reinforced polyamide engine oil pan as part of a complete new development of thermoplastic components. The study results from experimental and finite element analysis show that this specific oil pan design with protective ribbing combined with a superior material significantly improves the shock absorption and impact resistance. Copyright © 2012 WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim.


Mouti Z.,Cranfield University | Westwood K.,Automotive Group | Long D.,Automotive Group | Njuguna J.,Cranfield University
Composite Structures | Year: 2013

In the automotive industry, more and more engineered parts are shifting from metals to engineering plastics. However localised impact loading and long term ageing effects of under-the-hood plastic components is not well understood. In this paper, localised low velocity impact experiments and simulations were conducted on glass fibre-reinforced polyamide sump to investigate typical flying stones impact scenarios. Complete components were manufactured by injection moulding techniques for the experimental samples. The samples were then subjected to a range of low velocity impact using drop weight tower and flying projectiles from an air gun. Damage assessments were then performed following the experiments. In parallel, finite element analysis using LS DYNA was carried out to virtually benchmark and to predict the strength and fracture behaviour of stressed plastic parts. This has permitted to perform numerous impact tests in different situations with varying parameters. The study results show the significant contribution of the design in terms of shock absorption. The specific sump design with a protective ribbing combined with a superior material increases considerably the impact resistance. The paper will provided detailed discussions and results from both the experiments and finite element analysis investigations. © 2013 Elsevier Ltd.

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