Icahn Automotive to Offer Scholarships for Future Automotive Technicians

Icahn Automotive Group LLC, an Icahn Enterprises L.P. company, which
owns and operates leading auto repair and maintenance providers Pep
Boys, AAMCO and Precision Tune Auto Care, will award scholarships for
the 2019-2020 school year to qualified students studying to become
professional automotive technicians. The scholarship program is part of
Icahn Automotive’s recently announced Race to 2026 initiative that aims
to increase the number of trained technicians and help fill an
industry-wide talent gap projected to grow to 46,000 over the next seven
years.

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Students gather in a recently unveiled Icahn Automotive classroom at Universal Technical Institute’s (UTI) NASCAR Technical Institute in Mooresville, North Carolina.(Photo: Business Wire)

“The Icahn Automotive scholarship program represents an additional level
of investment in the future of our industry and the people that power
it,” said Icahn Automotive CEO Dan Ninivaggi. “Supporting students who
have an interest in the skilled trades is essential to ensuring we have
enough qualified professionals ready to service customer vehicles for
decades to come.”

Icahn Automotive awarded the first scholarship at its Race to 2026
launch event earlier this month at NASCAR Technical Institute. Jonathan
Fanstill, a military veteran enrolled in Universal Technical Institute’s
automotive technology program, is maintaining a 4.0 grade point average
and anticipated to graduate in December 2019. Fanstill was recognized
for his passion for the future of the industry, his interest in learning
as much as he can about evolving automotive technology and his
commitment to caring for customers.

Twelve additional $2,500 scholarships will be awarded to students
enrolled full- or part-time in high school, college, or trade school
pursuing an automotive technician degree or certification. Applications
will be accepted from March 1, 2019 through April 30, 2019, and
recipients will be announced in June 2019. In addition to the
application, students are also required to submit written essays or
videos describing “Why I want to be a top technician” and two letters of
recommendation. All applications and related materials will be reviewed
by the Icahn Automotive scholarship panel, which includes technicians
and other employees.

Now one of the largest service chain operators in North America, Icahn
Automotive offers a broad range of industry-leading opportunities and
career paths, as well as benefits such as tuition assistance, an
apprenticeship program and company-sponsored certifications. To review
scholarship requirements and begin the application process, please visit https://www.icahnautomotive.com/scholarship.html.

About Icahn Automotive

Icahn Automotive Group LLC (Icahn Automotive) was formed by its parent,
Icahn Enterprises L.P. (NASDAQ: IEP), to invest in and operate
businesses involved in aftermarket parts distribution and service. Our
businesses have a singular focus: provide premium automotive parts and
services at a great value. Icahn Automotive today consists of Pep Boys^®
automotive aftermarket retail and service chain, Auto Plus^®
automotive aftermarket parts distributor, Precision Tune Auto Care^® owned
and franchised automotive service centers, and AAMCO Total Auto Care
franchised service centers. The Company also is the licensor of Cottman
Transmission and operates under several local brands. The businesses of
Icahn Automotive total over 22,000 employees, over 2,000 company-owned
and franchise locations, and 25 distribution centers throughout the US,
Canada, and Puerto Rico. For more information, visit IcahnAutomotive.com.

Caution Concerning Forward-Looking Statements

This release contains certain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995, many of
which are beyond our ability to control or predict. Forward-looking
statements may be identified by words such as “expects”, “anticipates”,
“intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or words of
similar meaning. Forward-looking statements are not based on historical
facts, but rather on current expectations and projections about future
events, and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. Such statements
are qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. We undertake no obligation to publicly
update or review any forward-looking information, whether as a result of
new information, future developments or otherwise.

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