Icahn Motors: Pep Boys owner adds auto-parts maker

Icahn, whose diversified holdings have also included casinos and tech companies, has been building an auto parts supply business, convinced the sector has been undervalued.

He fired most of Pep Boys' previous top management and promoted executives of a smaller chain, Georgia-based Auto Plus, which Icahn bought last year, to run combined auto parts retail operations, though the brands have so far remained separate.