Tuesday Ticker: Advance Auto Parts sells Worldpac to former Axalta owner; Canada imposes tariffs on Chinese-made EVs
Toronto, Ontario — Advance Auto Parts sells its Worldpac unit to a private equity firm and Canada announces tariffs on Chinese-made electric vehicles in this weekly Tuesday Ticker. Selling Worldpac Advance Auto Parts has sold its Worldpac unit for US$1.5 billion, the company announced last Thursday. The sale is part of Advance Auto Parts’ latest […]
Shifting Gears: Advance Auto Parts looking to sell Worldpac in Q2, says CEO
Toronto, Ontario — During the fourth quarter and full-year results call for 2023, Advance Auto Parts CEO Shane O’Kelly provided information on the potential sale of its Worldpac and its Canadian business, operating as Carquest Canada. O’Kelly specifically emphasized in an official release that Advance is still officially referring to the Worldpac and Canadian business […]
A Paint Pair-Up: Advance Auto Parts and Carquest Auto Parts now carry AkzoNobel’s Modern Classikk paint line
Toronto, Ontario — AkzoNobel has announced that its Modern Classikk paint line by Kindig is now available for purchase at select Advance Auto Parts and Carquest Auto Parts stores. Currently, nearly 400 Advance and Carquest stores currently offer the paint line, with more locations set to be added in the near future. The Modern Classikk […]
Spinning Parts: Worldpac, Carquest could be up for sale
Toronto, Ontario — Advance Auto Parts announced it is beginning the process of looking into spinning off its Worldpac division and its Canadian business under the Carquest banner. The announcement comes in tandem with the company’s recent announcement of a “blended box business model” as it also looks into a new cost reduction program. In […]
Auto Parts, Fresh From the Oven: Volkswagen commits to 3-D print 100k parts by 2025
Toronto, Ontario — Volkswagen has announced that they are going all-in on 3-D printing as the company pledged it’s goal to produce 100,000 printed components a year by 2025. “Together with our partners, we aim to make 3D printing even more efficient in the years ahead and suitable for production-line use,” Volkswagen production and logistics […]
Praising Partners: Advance Auto Parts names 2020 Supply Chain Vendor Award winners
Toronto, Ontario — Supply chain partners recognized by automotive aftermarket parts provider for offering critical solutions and logistics support. Advance Auto Parts, a leading automotive aftermarket parts retailer and supplier, honored several brand partners as part of the company’s 2020 Supply Chain Vendor Awards. Advance’s supply chain partners served a vital role, creating innovative solutions […]
Advance Auto Parts expands training program with new classes for 2017
Roanoke, Virginia — March 23, 2017 — Advance Auto Parts has announced it is rolling out new courses, leveraging emerging technologies and adding instructors to expand the company’s automotive training programs across North America. A statement from Advance Auto Parts says that developing richer training offerings is a key area of focus for the company, […]
Tuesday Ticker: Uni-Select set to make a splash at Grey Cup, analysts upgrade Sherwin-Williams and oil prices may bounce back
By Jeff Sanford Toronto, Ontario — November 21, 2016 — The CRM Index is a group of thirteen publicly-traded stocks related to the collision repair sector. You can find the current constituent stocks here. Check in each Tuesday for updates on what the listed companies are doing. It’s the best way to keep up on […]
Thomas Greco named CEO of Advance Auto Parts
Roanoke, Virginia — April 4, 2016 — Advance Auto Parts has named Thomas (Tom) Greco as CEO and a Director. The appointment will become effective on April 11, 2016. Greco will succeed George Sherman, who has served as interim CEO since January, 2016. Sherman will continue as President of Advance Auto Parts, a position he […]
