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 […]
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 […]
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, […]
