Icahn Automotive, parent company of the iconic transmission franchise, is helping young minds find success in the automotive industry
AAMCO, the worldwide leader in transmission and complex car repair, has a strong, forward-thinking parent company in Icahn Automotive.
There is a crisis in the auto-repair industry due to a lack of qualified technicians entering the field. Icahn Automotive Group is taking a proactive approach to helping solve this issue with a new initiative, “Race to 2026,” which is designed to help encourage young people to enter into the auto repair industry and find meaningful careers in a dynamic field.
“According to the U.S. Bureau of Labor Statistics, the automotive repair industry will need nearly 46,000 more technicians by 2026 to meet anticipated demand,” Engine Report writes in an article about the new initiative. “Additionally, in any given year there are as many as 75,000 job openings, due in large part to the retirement of the last generation of technicians who benefitted from broadly available vocational education programs. While this demand is on par with other fields, technical training and related career assistance for those interested in the skilled trades has not kept pace.”
Icahn Automotive is partnering with technical schools across the country, making significant investments in classroom training and scholarships to reach out to the next generation of auto repair technicians. The brand recently unveiled renovated classrooms at Lincoln Technical Institute in Philadelphia, Pennsylvania, and awarded a $2,500 scholarship to a local student to launch the program.
“Through the ‘Race to 2026’ program, Icahn Automotive is encouraging more men and women to pursue viable careers in the skilled trades by partnering with technical training schools like Lincoln Tech; offering scholarships, tuition reimbursement and apprentice programs; and creating internship programs, job placement and continuing education opportunities,” Engine Report explains. “The renovated areas at Lincoln Tech feature the latest educational resources and tools, plus inspiring messages and wall graphics such as ‘Find the tools you need,’ ‘Find your own path’ and ‘Find out how far you can go.’ ”
This new program is a reflection of the commitment to the future of the industry that AAMCO exhibits on a daily basis. In recent years, AAMCO has made significant investments in training and technology to help technicians advance their careers within AAMCO Centers, allowing AAMCO franchisees to retain the best and brightest in the industry. As AAMCO becomes the dominant player in complex car repair going forward, specializing in hybrid and electric vehicle repair, the iconic transmission franchise will be more relevant than to technicians looking for meaningful work going forward.
“The ‘Race to 2026’ initiative includes close collaboration with leading providers of post-secondary education,” says Brian Kaner, President of Service with Icahn Automotive in the article. We’re committed to training tomorrow’s automotive technicians and shifting the perception of the industry so that more students are attracted to this viable career. Today we continue the momentum of our program, and look forward to opening more classrooms and creating more programs that will help develop qualified technicians to meet the industry’s demand.”
Read more about the ‘Race to 2026,’ by clicking here.
Bring the iconic auto repair franchise to your community
With over 600 centers throughout North America, AAMCO is actively seeking single and multi-unit operators who are passionate about the brand and committed to providing the highest-quality service. Interested candidates should have a minimum net worth of $250,000 and liquid assets of at least $65,000 per unit. Depending on the real estate selected, franchisees can expect the total investment to be approximately $223,600 to $333,500, with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.
For in-depth details about the AAMCO franchise opportunity, request a copy of our free franchise report.