LOS ANGELES — Motorcar Parts of America (MPA) announced this week that its credit facility with Union Bank of California, N.A. increased from $25 million to $35 million. The new agreement also increased the minimum fixed charge coverage ratio, increased the maximum leverage ratio and increased the amount of allowable capital expenditures. The facility expires on October 1, 2008.

"MPA has gained market share and expanded our business, requiring additional working capital. Together with our bank, we work to ensure that we have sufficient liquidity to meet our anticipated needs," said Selwyn Joffe, chairman, president and chief executive officer of MPA.

To learn more about MPA, go to: http://www.motorcarparts.com.