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LKQ has operations in North America, Europe and Taiwan. LKQ sells replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles. [3] In December 2018, it was #300 on the list Fortune 500. [4]
The company was founded by Sukhpal Singh Ahluwalia, when he opened a motor parts shop in Willesden, London in 1978. The business was originally established to supply parts for BMW, Mercedes-Benz, Porsche and Volkswagen vehicles. In October 2011, the company was sold to LKQ Corporation of Chicago, for £225 million. [2]
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Another view is that the term "slab" refers to the slabs of concrete that make up the street, as in taking out a custom car on the concrete slab of a Houston freeway." [5] [2] In addition to the music and car, the "slow" also refers to the recreational use of lean which has a "slow down effect" and also developed in the culture. [6]