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Jobs axe threat at car parts giant as execs quit

By Mark Kleinman, City editor
The founder and top executive team at Britain's biggest aftermarket car parts distributor have quit amid concerns that its American parent company is drawing up plans to cull hundreds of UK jobs.
Sky News has learnt that Sukhpal Singh Ahluwalia, who set up Euro Car Parts (ECP) more than three decades ago with a €5,000 investment, has resigned in the last few days.
Mr Ahluwalia is expected to step down from the board of LKQ Corporation, the Nasdaq-listed company which bought ECP for €280m in 2011.
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