MPA Provides Restated, Audited Results for Fiscal Years 2002-2004 Under New Accounting Policies
Motorcar Parts of America, Inc. (MPA) has restated results for the fiscal years ended March 31, 2004, 2003, and 2002, in accordance with the company’s new accounting policies, audited by the company’s independent auditors, Grant Thornton LLP. Grant Thornton’s review of MPA’s results for the interim periods and the audit for the full fiscal year ended March 31, 2005 is ongoing, and the company the said it expects that the review of the interim periods will be completed in the near future. During the fiscal year 2005, the company said it experienced strong business trends and believes the results, when released, will show significant financial improvement compared to fiscal year 2004.
MPA Wins Major Supplier Contract
Motorcar Parts of America (MPA) said today one of the largest automobile manufacturers in the world has awarded the company a contract to supply a new line of remanufactured alternators and starters for the North American marketplace.
MPA Wins Industry Product Quality Leadership Award
Motorcar Parts of America (MPA) has been honored by Frost & Sullivan with the 2004 Product Quality Leadership Award, for the North American Automotive Starter and Alternator Aftermarket. Frost & Sullivan is a leading growth consulting firm.
MPA Secures New $15 Million Line of Credit
Motorcar Parts of America (MPA) has secured a new $15 million credit facility with Union Bank of California. The new revolving credit line, which will replace the company’s existing asset-based facility, bears interest either at the LIBOR rate plus 2 percent or the bank’s reference rate, at MPA’s option. The loan matures on October 2, 2006.
MPA Automates Catalog and Product Management with e-Publisher
Motorcar Parts of America (MPA) has partnered with Vertical Development Inc. (VDI) to consolidate its application and technical data into a single relational database. As a result, MPA’s customers can now access the latest product information linked to technical reference bulletins in a single lookup.
MPA Name Change is Official
In an exclusive interview from October 2003, Motorcar Parts & Accessories (MPA) Chairman, President and CEO Selwyn Joffe, indicated that MPA’s shareholders would soon vote on a proposal to change the company’s name. That name change is now official. Motorcar Parts & Accessories has changed its name to Motorcar Parts of America to better reflect its position in the markets it serves.
Workplace Safety: A Key Component in Corporate Sustainability
The “Social” pillar of ESG emphasizes the importance of ensuring the health, safety and well-being of employees in the workplace.
The Skinny on Scope 1, 2 & 3 Emissions
It’s a way of categorizing the different kinds of carbon emissions a company creates in its own operations and in its wider value chain.
MPA Introduces New Brake-Related Product Part Numbers
The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MPA.
MPA Reports Strong Financial Results for Fiscal Q3 2024
MPA’s Q3 results showed increases in net sales, operating income and cash flow from operating activities.
