The transaction includes two Pep Boys Parts retail stores in Seattle.

The scholarships are being awarded to 15 aspiring automotive technicians.

Icahn Automotive will award $30,000 in scholarships—12 scholarships worth $2,500 each—to qualified students pursuing a career as an automotive technician.

Icahn Automotive has completed its acquisition of Tecnicentros Mundial, a six-location automotive service chain in Puerto Rico.

The technical training facility at the school receives support from Icahn Automotive's "Race to 2026" initiative.