Tuesday, February 17, 2026 at 10:55 AM
Genuine Parts Company plans to separate its automotive and industrial parts divisions to streamline operations and enhance focus on growth potential in each sector.
Advance Auto Parts swung to a profit but had a decline in revenue during its fourth quarter, as the company continued to close stores as part of its earlier restructuring plan.
The auto-parts supplier told workers that several potential financing sources fell through in recent days.
CEO Steve Cahillane said critical work is needed to return the business to profitable growth.
Private-sector activity in the U.S. slowed in February as tariffs drove costs higher for firms, while Europe expanded at a stronger pace than anticipated due to a rebound in industry.
