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LKQ Corporation Agrees to Sell PGW Auto Glass Business to One Equity Partners


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    • By NAPA
      What to Expect from Your Brake Service with NAPA Auto Care
      There are more than 285 million vehicles registered in the United States today. The average vehicle on the road is 12 years old. And, it is estimated that more than 51 million commuter vehicles are in need of brake service and repair. This is a concerning number considering antilock brakes are the most important safety system in a car, truck, van or SUV. That’s why the experts at NAPA recommend having your brakes inspected as often as twice a year for wear and damage. If a small issue is caught early, this routine maintenance can save you from a much more intense, costly repair.
      Depending on your make and model, the quality of your OEM parts, the climate in which you live and your driving habits, your brake pads should last between 20,000 and 80,000 miles. Additionally, you should have your brake fluid flushed and replaced every two to five years. Because these ranges are vast, NAPA recommends a routine brake inspection every 10,000 to 12,000 miles as part of your yearly vehicle maintenance. 
      A leak in your brake system, often caused by contamination and corrosion, could dampen or even prevent your stopping power. The right amount of
      link hidden, please login to view is essential for the proper function of anti-lock brakes, traction control and stability control systems. Replacement link hidden, please login to view include the master cylinder and valves, which determine the pressure applied to both the front and rear brakes, brake pads that protect your expensive disc rotors and brake lines that carry critical fluid.  More than 17,000
      link hidden, please login to view nationwide are committed to diagnosing a wide range of automotive problems and fixing them right the first time. NAPA Auto Care centers are known for reliable service performed by ASE-certified technicians and specialist mechanics. This NAPA standard for trusted car and truck repair has grown for more than 80 years across these local, independently owned auto shops and collision centers. Our promise to NAPA customers is to perform high-quality diagnostic and repair services by installing superior link hidden, please login to view. Check out NAPA’s free nationwide Two-Year/24,000 Mile link hidden, please login to view, which covers parts and labor on qualifying repairs and services across The NAPA Network. If You’ve Reached The Breaking Point, Head to NAPA link hidden, please login to view
      There are many reasons why you need brake service. Powerful friction wears out even the best
      link hidden, please login to view and intense heat can warp link hidden, please login to view. Air getting into a brake line is a common issue. Your link hidden, please login to view will measure the vehicle’s brake fluid level during a full-service oil change. But what if you are experiencing a noticeable problem, such as a squealing noise or a change in brake responsiveness?  A standard brake inspection at a NAPA Auto Care center could include:
      Brake pad or brake shoe replacement Brake rotor resurfacing or brake drum turning Brake rotor or drum replacement Brake fluid flushing Brake line leak repair Brake light diagnosis Keep in mind, brake services are duplicated on both wheels of the same axle. Multiple systems in your vehicle are designed for the parts on both sides of your vehicle to operate in matching condition.
      After any inspection, the NAPA technician should thoroughly explain your vehicle’s condition. This includes documenting what problems are urgent and what repairs you can delay. If the damaged part no longer performs as designed, the repair is considered necessary. For instance, a cracked rotor requires replacement, so a less expensive ‘fix’ like a new brake pad is an unsafe repair in this case.
      A NAPA Auto Care service technician can also make recommendations that are not critical. This includes proactively replacing parts likely to fail in less than a year. Your trusted mechanic should also advise you on maintenance recommended by the vehicle’s manufacturer. And, an inspection might include improvements that you can make with an aftermarket part upgrade to enhance performance, such as installing
      link hidden, please login to view. With NAPA, you are always in good hands. Still, it is always best practice to do a little research before arriving at any auto body shop. Use the
      link hidden, please login to view to instantly find out what your auto repair or service should cost at a NAPA Auto Care center. This competitive pricing tool provides quick and easy cost estimates for the most common repairs. Image courtesy of
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    • By NAPA
      Bill McAnally Racing (BMR) has solidified its driver lineup for the 2023 ARCA Menards Series West season and will be led by Las Vegas, Nev., native Tanner Reif. The 17-year-old and two-time race winner in 2022 will drive the No. 16 link hidden, please login to view Chevrolet SS full-time to pursue BMR’s 12th championship. Cole Moore, who earned his first-career victory at All-American Speedway last season, returns to BMR for a partial schedule and will share the seat of the No. 19 Chevrolet SS with La Center, Washington’s Eric Johnson Jr.
      Reif delivered an impressive rookie campaign in 2022 by earning two victories at Irwindale Speedway and Evergreen Speedway en-route to a runner-up finish in the championship standings. The sophomore driver is positioned to build on his rookie season and extend BMR’s mark of 107 wins and 11 titles on the tour. 
      “This is such a great opportunity for me to join BMR and the NAPA Auto Care team,” Reif said. “BMR has been the standard in the West Series for so many years, so to have this chance to join the team is exciting. Last season was great to get a couple wins and compete for a championship, and I know the potential is there to accomplish more this year.”
      “We’re excited to have Tanner join the NAPA Auto Care team after the season he put together last year and showing his talent,” team owner Bill McAnally said. “We’ve been fortunate to have a lot of great young drivers be a part of our team in the ARCA Menards Series West that graduated on to the NASCAR national series, and I think Tanner has what it takes to compete for a championship this year and be a threat to win each week.”
      Moore finished the 2022 campaign third in the drivers’ championship standings thanks to a victory and an average finish of 7.1, which was tied for third-best in the series. He’ll chase an owners’ points championship along with Johnson Jr., a late model racer who served as a mechanic and spotter for the BMR team last season. 
      “I’m excited to have Cole return after winning at Roseville last fall and provide an opportunity for Eric to get experience,” McAnally said. “Both of them are going to make a great combination to go after the owners’ points championship and hopefully this gives them a chance to continue their development together throughout the season.”
      The ARCA Menards Series West tour will kick off on Friday, March 10th at Phoenix Raceway. Stay connected with the BMR team by following @BMR_NASCAR on Twitter, @bmr_nascar on Instagram, and Bill McAnally Racing on Facebook. 
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    • By APF
      Icahn Enterprises L.P. Issues Statement Regarding Auto Plus
      NEWS PROVIDED BY
      link hidden, please login to view Jan 31, 2023, 23:15 ET
        SUNNY ISLES BEACH, Fla., Jan. 31, 2023/PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq:
      link hidden, please login to view) owns or controls a number of companies that have been quite successful over the years. However, in the case of IEH Auto Parts Holding LLC and its subsidiaries (collectively, "Auto Plus"), an aftermarket parts distributor held within the Automotive segment of IEP, various factors have negatively impacted this business as well as the industry in general, including lessened demand, supply chain disruptions, an inflationary environment and the effects of COVID-19. Therefore, on January 31, 2023, Auto Plus determined to file a voluntary chapter 11 case. This proceeding is limited to Auto Plus and will not have a significant impact on IEP. Since acquiring Auto Plus, IEP has invested significantly in transformation and restructuring initiatives and has loaned significant amounts to Auto Plus but has obviously been disappointed in the results of these investments and the continued losses that Auto Plus has experienced. As a result, IEP has determined that it would no longer be prudent to continue to loan money to Auto Plus at this juncture unless done in connection with a restructuring process. 
      Auto Plus expects to continue to operate its business in the ordinary course and also plans to run a sale process for substantially all of its assets during the chapter 11 case.
      Icahn Enterprises L.P., a master limited partnership, is a diversified holding company engaged in seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma.
      Caution Concerning Forward-Looking Statements
      This release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises and its subsidiaries. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors, including risks related to the Chapter 11 cases, including, but not limited to, obtaining bankruptcy court approval with respect to the motions in the Chapter 11 cases, the effects of the Chapter 11 cases on Auto Plus and IEP, and on the interests of various constituents, bankruptcy court rulings in the Chapter 11 cases and the outcome of the Chapter 11 cases in general, the length of time Auto Plus will operate under the Chapter 11 cases, risks associated with third-party motions in the Chapter 11 cases, the potential adverse effects of the Chapter 11 cases on Auto Plus's and IEP's liquidity or results of operations; Auto Plus's ability to obtain debtor-in possession financing and the amount, terms, and conditions of any such financing; the effects of disruption from the Chapter 11 cases making it more difficult to maintain business and operational relationships, to retain key executives, and to maintain various licenses and approvals necessary for Auto Plusto conduct its business; the consequences of the acceleration of Auto Plus's debt obligations, as well as economic downturns, substantial competition and rising operating costs; risks related to the severity, magnitude and duration of the COVID-19 pandemic and its impact on the global economy, financial markets and industries in which our subsidiaries operate; the impacts from the Russia/Ukraine conflict, including economic volatility and the impacts of export controls and other economic sanctions,; risks related to our investment activities, including the nature of the investments made by the private funds in which we invest, declines in the fair value of our investments as a result of the COVID-19 pandemic, losses in the private funds and loss of key employees; risks related to our ability to continue to conduct our activities in a manner so as to not be deemed an investment company under the Investment Company Act of 1940, as amended; risks related to our energy business, including the volatility and availability of crude oil, other feed stocks and refined products, declines in global demand for crude oil, refined products and liquid transportation fuels as a result of the COVID-19 pandemic, unfavorable refining margin (crack spread), interrupted access to pipelines, significant fluctuations in nitrogen fertilizer demand in the agricultural industry and seasonality of results; risks related to our automotive activities and exposure to adverse conditions in the automotive industry, including as a result of the COVID-19 pandemic; risks related to our food packaging activities, including competition from better capitalized competitors, inability of our suppliers to timely deliver raw materials, and the failure to effectively respond to industry changes in casings technology; supply chain issues; inflation, including increased costs of raw materials and shipping, including as a result of the Russia/Ukraine conflict; interest rate increases; labor shortages and workforce availability; risks related to our real estate activities, including the extent of any tenant bankruptcies and insolvencies; risks related to our home fashion operations, including changes in the availability and price of raw materials, and changes in transportation costs and delivery times; and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission. Additionally, there may be other factors not presently known to us or which we currently consider to be immaterial that may cause our actual results to differ materially from the forward-looking statements. Past performance in our Investment segment is not indicative of future performance. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.
      Investor Contact:
      Ted Papapostolou, Chief Financial Officer
      (305) 422-4100
      SOURCE Icahn Enterprises L.P.
       
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    • By NAPA
      Mooresville, NC (January 18, 2023) – Kasey Kahne Racing (KKR) and NAPA announced today that they have agreed to a multi-year contract extension. Brad Sweet will continue to pilot the team’s No.49 machine as he has been the primary driver since 2017 when the partnership began.
      “We have had a blast teaming up with NAPA on the 49 and are thrilled to have the opportunity to keep winning with them. NAPA is a great partner, and it’s so fun to see how many store owners and employees join us at the track throughout the year,” said Kasey Kahne, president of Kasey Kahne Racing.
      The partial partnership began in 2017 when Sweet claimed 2nd in the World of Outlaws Series point standings. Concluding the 2017 season, NAPA elevated their role to become the primary sponsor of the No.49, which has since won several of the most prestigious sprint car racing events, the 2018 Knoxville Nationals, 2019 King’s Royal & the 2019 Jackson Nationals. Sweet and the NAPA No.49 team are looking to Drive for Five consecutive championships in 2023! The new season will kick off Thursday, February 9, 2023, at Volusia Speedway Park in Barberville, Florida.
      “I’m excited to continue our partnership with NAPA. We’ve won four championships and countless races together. I’ve met so many great NAPA store owners and employees along the way and am excited to continue representing the NAPA family across the country,” said Brad Sweet, driver of the 49.
      About KKR
      Kasey Kahne Racing, located in Mooresville, NC, was formed in 2005 and employs more than ten people dedicated to sprint car racing. The organization fields two entries in the World of Outlaw Sprint Car Series; Brad Sweet (No.49) and former NASCAR Cup Series driver Kasey Kahne (No.9). In 2013, KKR’s Great Clips No.9, driven by Daryn Pittman, won their first World of Outlaws Series Championship while earning the Kasey Kahne Racing organization their first title as well. Brad Sweet joined KKR in 2012 and has since then won four consecutive World of Outlaws Series Championships along with a list of historic event wins.
      About NAPA
      Through nearly 6,000 auto parts stores and over 17,000 auto care and collision centers in the U.S., NAPA has America’s largest network of parts and care. The NAPA Network is supported by nationwide distribution centers with more than 700,000 available parts, accessories, and supplies. Widely recognized for quality parts, rapid availability and knowledgeable people, NAPA Auto Parts stores serve automotive service professionals, do-it-yourselfers and everyday drivers with quality parts, accessories and supplies to keep cars, trucks and equipment performing safely and efficiently. For more information, visit
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    • eManualonline.com - Save 5% OFF on orders Over $50, Use Code Blaze. Ends 12/31/22.
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