Icahn Automotive growing in Detroit

SOUTHFIELD, Mich. — Icahn Automotive Group L.L.C. is in the midst of a multi-million-dollar investment in its Pep Boys, Precision Tune and AutoPlus stores in the Detroit area that includes new stores, extensive remodeling of several existing stores and the doubling of our parts inventory in the market.

With Icahn's recent acquisition of Precision Auto Care Inc. and Phil Cavill's Tire & Auto Service Center in Clawson, Mich., Icahn Automotive has 10 locations throughout the Detroit metro area.

To mark its increased market presence in the Detroit area, Pep Boys took part in the Woodward Dream Cruise this past weekend.

"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," Icahn Automotive CEO Dan Ninivaggi said.

Icahn Automotive said it recently renovated some of its Detroit-area Pep Boys stores — including the Eastpointe, Mich., store that has a Speed Shop — and it plans to convert the Cavill's Tire's 10-bay location to a full-service Pep Boys Service & Tire Center.

These investments in Detroit are part of Icahn Automotive's larger strategy to grow its national network.