Advance Auto Parts to cut costs by $150M, sell 2 business units, eliminates a top exec role

Advance Auto Parts to cut costs by $150M, sell 2 business units, eliminates a top exec role

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RALEIGH — Advance Auto Parts (AAP) on Wednesday reported a third-quarter loss of $48.6 million, after reporting a profit in the same period a year earlier. And the company under its recently named CEO announced plans for cost cuts as well as the sale of two business units. A new chief financial…

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