Print SUNNY ISLES BEACH, Fla. — Icahn Automotive reduced its operating loss nearly 44% in fiscal 2020 to $45 million despite a 14.1% drop in sales, according to fiscal 2020 figures released by Icahn Enterprises L.P. Sales for Icahn Automotive — primarily the results of the Pep Boys auto service chain — fell to $2.48 billion. The net result was a loss of $198 million, essentially unchanged versus fiscal 2019. In the fourth quarter, Icahn Automotive cut its operating loss 90% to $3 million on 18% lower sales of $596 million. Icahn attributed its earnings "improvement" to a number of initiatives, including an accelerated program to close underperforming parts stores and reduced spending in several areas.