Motorcar Parts of America’s Chief Executive Honored by Federated Auto Parts for Contributions to Industry; Inducted to Vendor Hall of Fame

By: Motorcar Parts of America, Inc. via Business Wire

April 15, 2021 at 14:00 PM EDT

Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced Selwyn Joffe has received Federated Auto Parts’ 2021 Vendor Hall of Fame award.

Induction to the Federated Vendor Hall of Fame is an annual award in recognition of exceptional contributions to Federated Auto Parts and its members by an individual. The award was presented by Bo Fisher, co-chairman of the Automotive Parts Services Group, at the recent 2021 “The Group” Virtual National Conference & Expo.

“It is a great honor to be selected as an inductee to the Federated Vendor Hall of Fame and join such a distinguished group of automotive aftermarket professionals. This recognition would not have been possible without the support of the entire Motorcar Parts of America team; and all of us look forward to the continued success of The Group and its members,” said Selwyn Joffe, chairman, president and chief executive officer.

Joffe has served as chairman of the board of Motorcar Parts of America, Inc. since 1999 and a director since 1994. Since 2003 he has served as chairman, president and chief executive officer of the company. He served as one of the founding members on the board of directors of the Motor and Equipment Remanufacturers Association, an industry trade association. In addition, Joffe serves on the board of directors of the California, Arizona, and Nevada Automotive Wholesaler’s Association (CAWA), also an industry trade association. He has been a long-time supporter of the University of the Aftermarket through CAWA and has a scholarship program named after him for the University through CAWA. He is a graduate of Emory University with degrees in both business and law and is an inactive member of the bar of the State of Georgia, and a certified public accountant.

ABOUT FEDERATED AUTO PARTS

Federated Auto Parts, headquartered in Staunton, Virginia, is one of the largest auto parts distribution and marketing organizations in North America. Federated is dedicated to supporting its customers with quality name brand parts, programs designed to grow their businesses, and experienced people who are knowledgeable in today’s evolving automotive technology. For more information, visit www.federatedautoparts.com.

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. 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 2020 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.