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Advance Auto Parts Comments on TRC Capital “Mini-Tender” Offer

RALEIGH, NC, July 17, 2023–(BUSINESS WIRE)–Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installers and do-it-yourself customers, has been notified that TRC Capital Investment Corporation (TRC) has made an unsolicited “mini-tender” offer to purchase up to 1,000,000 shares of Advance Auto Parts stock at […]

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Parts shortage, supply chain disruptions continue to affect new car production, parts availability; How OEMs are setting the pace

The Associated Press reports that computer chip shortages as well as a lack of other automotive parts “continued to hobble” the US auto industry last year and contributed to an 8% drop in vehicle sales compared to 2021 — the lowest level in more than a decade . Automakers reported earlier this month that they

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