Business
Motorcar Parts of America Expands Brake-Related Product Offerings with Introduction of Pads and Rotors
LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced the introduction of a comprehensive line of brake pads and
About this update from Motorcar Parts Of America, Inc.
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nMotorcar Parts of America Inc. (Nasdaq: MPAA) today announced the introduction of a comprehensive line of brake pads and rotors, serving the professional installer market under the company’s Quality-Built brand.\n\nThe launch of these products coincides with multi-year business commitments and opportunities of more than $100 million from various channel partners, primarily across multiple brake-related products, and initial inventory to support the ramp-up.\n\nThe company’s new copper free and environmentally friendly brake-pad line utilizes an industry-leading formulation. Its launch is under an exclusive distribution rights agreement for the North American market. Applications include complete hardware coverage or no hardware for the economy lines.\n\nThe company’s brake rotor line offers full-line coverage for passenger vehicles and light trucks, with OE-style and fully coated corrosion protection based on extensive corrosion resistance testing.\n\n“The introduction of brake pads and rotors complements our newly completed brake caliper operations and expansion program in Mexico, as well as our industry reputation for quality, innovation, and customer-centric service. We are encouraged by the initial response to our new product offerings and look forward to further opportunities across the company’s entire line of aftermarket categories,” said Selwyn Joffe, chairman, president and chief executive officer for Motorcar Parts of America.\n\nAbout Motorcar Parts of America, Inc.\n\nMotorcar 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 pads, brake rotors, 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 s...