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It sells performance auto parts, aftermarket accessories, tools, and race apparel. JEGS was founded by Jeg Coughlin Sr. in 1960 as a small speed shop. [1] Jeg's remained family owned and operated until 2022 when a majority stake of the company was purchased by Greenbriar Equity Group .
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In 2023, Advance Auto Parts took over as the official sponsor of the checkered flag in IndyCar. [36] Advance Auto Parts has served as a sponsor in NASCAR, where it is the official auto parts retailer of the sanctioning body. [37] The company sponsored the 2017 Advance Auto Parts Clash exhibition race at Daytona International Speedway. [38]
Advance Auto Parts is closing over 700 locations nationwide by mid-2025 due to underperforming sales, according to the company's third quarter earnings report released on Nov. 14.. The automotive ...
In December 2015, construction of a new paint shop for Line 1 began, costing US$210 million. The new facility has an annual capacity of 229,000 units. When completed in December 2017, it would be the most energy-efficient paint line of the company's auto production network in U.S. and add 300,000-square-foot to Marysville plant.
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