Advance Auto Parts Announces Sale of Worldpac to Carlyle for $1.5 Billion
RALEIGH, N.C.–(BUSINESS WIRE)– Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced that it has entered into a definitive agreement to sell Worldpac, Inc., an automotive parts wholesale distribution business, to funds managed by global investment firm Carlyle (NASDAQ: CG) for $1.5 billion in cash. The transaction is expected to close before the end of the year.
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The Role Of Generative AI In Next-Gen Automotives
For the auto industry, generative AI (GenAI) promises to revolutionize how vehicles operate and are maintained. The applications of GenAI in this field are enormous and varied because of its ability to learn from vast amounts of data, make intelligent decisions and optimize operations.
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Why Americans stopped buying convertibles
A year after I graduated college, I decided to buy a car. I’d been driving a hand-me-down Hyundai sedan, but I wanted something more reliable for the miles I racked up driving around sprawling Dallas for my job as a reporter.
Aftermarket business turning around? Survey shows aftermarket operations improving while dealers stumble
After a year and a half of uninterrupted market softening, business confidence finally rebounded for aftermarket companies in the first quarter, reported responders of the Trucks, Parts, Service quarterly MarketPulse survey last month.
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‘Your weight, your speed, where you work’: How your connected car is tracking your every move
Connected cars equipped with internet capabilities are becoming the new normal, but the rise of this technology has raised questions about carmakers’ ability to potentially collect and monetise private driver data.
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Mom, 28, forced to sell her dream car after forking out $40,000 in INTEREST alone over three years – as America’s auto debt spirals to $1.6 TRILLION
Three years ago, 28-year-old Blaisey Arnold entered a local auto dealership and came away with the keys to an $84,000 Chevy Tahoe.
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Answer Any Business Question With Confidence
There was once a wise old man who lived high up in the Himalayan Mountains and, every so often, he would make the long, rough trek down to the village in the valley below. The villagers looked forward to seeing his stooped-over body as he hobbled into the town square.
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U.S. Ford Motor Company Sales Up Four Percent In January 2024
Ford Motor Company sales increased four percent to 152,617 units during January 2024 in the United States. Sales increased at both FMC brands, Ford and Lincoln.
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