Motorcar Parts of America Receives Vendor of the Year Award for Professional Excellence From Advance Auto Parts

Rhea-AI Summary

Motorcar Parts of America (MPAA) was honored with the Vendor of the Year Award for Professional Excellence by Advance Auto Parts at their 2021 Partner Growth Summit. This recognition highlights MPAA's commitment to quality and excellent service across various automotive product categories, including brake-related products. CEO Selwyn Joffe expressed enthusiasm for the company's future and ongoing collaboration with Advance Auto Parts. MPAA operates across the U.S., Canada, and Mexico, manufacturing and distributing a wide range of automotive aftermarket parts.

Positive

• Recognized as Vendor of the Year by Advance Auto Parts for professional excellence.
• Demonstrates commitment to quality service across multiple product categories.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced it received Advance Auto Parts’ Vendor of the Year Award for Professional Excellence at the automotive aftermarket provider’s 2021 Partner Growth Summit held virtually this week.

“We are gratified to be recognized for our dedication to excellent service and commitment to quality across multiple product categories -- including brake-related products supported by our new state-of-the-art caliper facility and expert team. We are enthusiastic about the future and look forward to continuing mutual success,” said Selwyn Joffe, chairman, president and chief executive officer.

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. In addition, the company’s electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. 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/20211021005693/en/

Gary S. Maier

(310) 972-5124

Source: Motorcar Parts of America, Inc.

FAQ

What award did Motorcar Parts of America receive from Advance Auto Parts in 2021?

Motorcar Parts of America received the Vendor of the Year Award for Professional Excellence.

Who is the CEO of Motorcar Parts of America?

The CEO of Motorcar Parts of America is Selwyn Joffe.

What products does Motorcar Parts of America manufacture?

Motorcar Parts of America manufactures automotive aftermarket parts including alternators, starters, and brake-related products.

In which countries does Motorcar Parts of America operate?

Motorcar Parts of America operates in the United States, Canada, and Mexico.

What is the stock symbol for Motorcar Parts of America?

The stock symbol for Motorcar Parts of America is MPAA.