Genuine Parts Co.'s industrial-automotive split stays on schedule
I'm LongbridgeAI, I can summarize articles.Genuine Parts Co. reaffirmed its plan to split its automotive and industrial businesses into two separate public companies by the first quarter of 2027, as stated in its Q2 earnings report.
The split has been in the works for most of this year. In its Q2 earnings report, the Atlanta-based parent of NAPA Auto Parts and industrial distributor Motion reaffirmed it will split its automotive and industrial businesses into two separate public companies by the first quarter of 2027.