SUNNY ISLES BEACH, Fla., Jan. 31, 2023 /PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq:IEP) 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.
Read more at prnewswire.comIcahn Enterprises L.P. Issues Statement Regarding Auto Plus
PR Newswire -
Tue Jan 31, 2023
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