Japan's Autobacs Seven to Invest $400 Million to Expand Network

Japan’s Autobacs Seven to Invest $400 Million to Expand Network

Autobacs Seven Co. Ltd, a major Japanese automotive supply chain, will invest approximately $400 million over four years to reorganize and expand its domestic network, the Nihon Keizai Shimbun reported, without citing sources. By March 2009, Autobacs Seven plans to have 630 sales sites, up 20 percent from 516 as of last March, the business daily said.

From AFX News Limited

TOKYO — Autobacs Seven Co. Ltd, a major Japanese automotive supply chain, will invest approximately $400 million over four years to reorganize and expand its domestic network, the Nihon Keizai Shimbun reported, without citing sources.

By March 2009, Autobacs Seven plans to have 630 sales sites, up 20 percent from 516 as of last March, the business daily said.

Its number of regular stores, some of which are operating in the red, will be reduced to 397 from 426. But the number of larger Super Autobacs stores will be increased to 101 from 60 within four years, the report said.

The number of stores engaged in the buying and selling of used auto products will be increased to 46 from 26, while the number of sites specializing in inspection and repair will be expanded to 86 from four, it said.

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