Los Angeles — With a new auto part shop opening at the heart of the Los Angeles area, a new breed of entrepreneur has entered the fray with a new name: Apo Auto Parts.
The California-based company announced on Thursday that it has signed a licensing deal with Los Angeles-based Auto Parts Inc., a joint venture between the company and Apo, for a new outlet at the corner of West Sunset Boulevard and South Pasadena Avenue.
The Los Angeles Times first reported the news.
The Los Angeles City Council voted unanimously to approve the deal in October.
The new shop, called Apo Auctions, will open at 6 a.m. on Jan. 3 and will sell both auto parts and accessories, including tires and other parts.
It will also offer auto parts that include safety belts, bumper pads, windows, door panels and a trunk lid.
Apo will offer a variety of new and used products and services, the company said.
A new store will also be opening in the neighborhood later this year, according to the news release.
The shop will feature a large selection of high-end luxury and high-performance vehicles.
Apo is owned by former CEO Brian McBride.
The company has been based in California since 2011.
It recently opened its first shop in California, located in the heart and southernmost part of Los Angeles, which opened in October of last year.
McBride has said that he intends to move the company into Los Angeles as soon as possible.
He is expected to be formally named CEO in the next few weeks, the Los Angles Times reported.