Retail

Icahn and Pep Boys Look to Make a Big Statement in Detroit

Posted on August 23, 2017

Icahn Automotive Group LLC, the owner of Pep Boys — Manny, Moe & Jack, is on a mission to expand its national network, and it's starting with a multi-million dollar investment in Detroit.

The news follows a couple of recent deals that include Detroit-area stores. Icahn acquired Precision Auto Care Inc., including Precision Tune stores in Detroit and Royal Oak. The company also recently acquired Phil Cavill's Tire & Auto Service Center in Clawson, Mich. The 10-bay store, which has been part of the Clawson for 34 years, is being converted into a Pep Boys store.

“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.”

To meet the needs of both consumers and commercial customers, the company says Pep Boys has extensively renovated its Detroit-area stores and expanded its parts and tire availability.

The company also participated in the Woodward Dream Cruise classic car event the weekend of Aug. 19-20.

“Pep Boys is passionate about honoring our heritage and long history in Detroit, and participating in the Woodward Dream Cruise was an excellent opportunity to do so in a city that is as proud of its automotive industry roots as we are. Coupled with IndyCar driver Graham Rahal’s recent back-to-back wins in the Detroit Grand Prix, which was an exciting start to our 2017 sponsorship, we are thrilled to have been part of several major Detroit-based automotive events this year.”

For more information about Pep Boys, go to www.pepboys.com.

Related Topics: Dan Ninivaggi, Detroit, expansion, Icahn Automotive Group, Pep Boys

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