Hi Dan, welcome. My step-son and his wife lived in Escondido 2 yrs ago and we visited them, they've moved to Lakeside. Nice area, Escondido.
Someone posted an official reply from Elio Motors with an answer to this question. You can use the search box in the upper right corner, try "pep boys" and see what you can find.
From what I remember, EM stated that the partnership is still in place, Pep Boys is just being sold to another man / company, and the i's dotted and t's crossed will take several months to make the sale official. But once the sale goes through, EM anticipates still having the partnership with PB.
There is speculation that the new owner would try to eliminate service bays and focus on the parts side, but that's not news or a report.