Motorcar Parts of America Realigns Sales in Canadian Market to Support Customer Service and Enhance Growth Opportunities

Rhea-AI Summary

Motorcar Parts of America (NASDAQ: MPAA) announced a realignment in its sales approach for the Canadian market. Niall Davidson, vice president of sales for Dixie Electric, will now oversee all automotive product lines in Canada. This strategic move aims to improve customer service and support growth initiatives, bolstered by a broader range of non-discretionary products launched since Davidson joined the company in 2019. The company specializes in remanufacturing and distributing aftermarket automotive parts across North America, with a global presence.

Positive

• Strategic realignment of sales in Canada to enhance customer service.
• Niall Davidson's extensive experience in the automotive aftermarket.
• Expansion of non-discretionary product offerings since 2019.

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• None.

LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the realignment of sales activities for the Canadian market, with Niall Davidson, vice president of sales for its Toronto-based heavy-duty subsidiary Dixie Electric, also assuming responsibility for the company’s entire automotive product lines in this market.

Davidson has more than 30 years of global experience in the automotive and heavy-duty aftermarket, particularly the Canadian market.

“This sales realignment is intended to enhance service to our existing customers and enhance our strategic growth initiatives in the Canadian market, supported by our entire global team and a greatly expanded line of non-discretionary product offerings since Niall joined us in 2019,” said Rick Mochulsky, senior vice president of sales and marketing.

ABOUT MOTORCAR PARTS OF AMERICA

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake master cylinders, brake power boosters, turbochargers, and diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, New York, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. Additional information is available at www.motorcarparts.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2021 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005280/en/

Gary S. Maier

(310) 972-5124

Source: Motorcar Parts of America, Inc.

FAQ

What recent changes have been made by Motorcar Parts of America in Canada?

Motorcar Parts of America announced a sales realignment for the Canadian market, placing Niall Davidson in charge of all automotive product lines.

Who is responsible for the automotive product lines in Canada for MPAA?

Niall Davidson, vice president of sales for Dixie Electric, will oversee all automotive product lines in Canada.

What is the significance of the sales realignment for MPAA?

The sales realignment aims to enhance service to customers and support strategic growth initiatives in the Canadian market.

What experience does Niall Davidson bring to MPAA?

Niall Davidson has over 30 years of global experience in the automotive and heavy-duty aftermarket, particularly in Canada.