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LOS ANGELES, Aug. 06, 2019 (GLOBE NEWSWIRE) — Motorcar Parts of America, Inc.(Nasdaq:MPAA) today announced the strategic expansion of its automotive aftermarket brake product offerings, with the introduction of brake calipers.
“The launch of a brake caliper program complements our current braking system products and is consistent with our strategy to leverage our expanding manufacturing footprint by approximately 370,000 square feet in Tijuana, Mexico — supported by the company’s new state-of-the-art 410,000 square foot distribution facility. We have significant initial customer commitments representing approximately $30 million for the remainder of the current fiscal year. We are attracting additional strong interest for this product, and look forward to fully ramping up production, growing this category, and reporting milestones as fiscal 2020 evolves,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc.
“This category represents a significant growth opportunity, leveraging our more than fifty-year history in the aftermarket industry and the company’s highly regarded competency in remanufacturing. Equally important, the launch of this product line solidifies our position as a full-line brake supplier, which provides the company with solid growth opportunities and favorable financial metrics,” Joffe emphasized.
“We have made significant investments to support our initiatives to become a leading multi-product line supplier and this launch further strengthens our position,” Joffe added.
Industry sources estimate the aftermarket size today for the brake caliper category in the United States is approximately $1.1 billion at the retail level.
About Motorcar Parts of America
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts — including alternators, starters, wheel bearing and hub assemblies, brake calipers, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. Motorcar Parts of America’s products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in California, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia and Canada. In addition, the company develops, designs and manufactures testing solutions for performance, endurance and production testing of alternators, starters, electric motors, batteries, inverters and belt starter generators for both the OE and aftermarket. 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 2019 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.
CONTACT: Gary S. Maier (310) 471-1288
Source: Motorcar Parts of America, Inc.
By Jacky Xine
In last November, the much-anticipated Wrangler pickup Jeep Gladiator officially debuted at the Los Angeles International Auto Show. According to Jeep's plan, the new Gladiator will be officially delivered in the second quarter of this year. Recently, some foreign media reported that in addition to the three models already launched, Jeep will also launch a high-performance version of the gladiator.
GoodYear nominated silicone wiper blade supplier in Asia, We want to provide samples for you to testBy eric
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Advance Auto Parts, Inc. (NYSE: AAP) has acquired the DieHard brand from Transform Holdco LLC (“Transformco”), for $200 million utilizing cash on hand.
“We are excited to acquire global ownership of an iconic American brand. DieHard will help differentiate Advance, drive increased DIY customer traffic and build a unique value proposition for our Professional customers and Independent Carquest partners. DieHard has the highest brand awareness and regard of any automotive battery brand in North America and will enable Advance to build a leadership position within the critical battery category,” said Tom Greco, president and CEO, Advance Auto Parts. “DieHard stands for durability and reliability and we will strengthen and leverage the brand in other battery categories, such as marine and recreational vehicles. We also see opportunities to extend DieHard in other automotive categories. We remain committed to providing our customers with high-quality products and excellent service. The addition of DieHard to our industry leading assortment of national brands, OE parts and owned brands will enable us to differentiate Advance and drive significant long-term shareholder value.”
AmazonBasics High Mileage Motor Oil - Synthetic Blend
AmazonBasics high-mileage synthetic-blend motor oil offers an enhanced level of protection for engines over 75,000 miles. Its synthetic blend combines conventional oil with synthetic for cost efficiency with some of the benefits of a full synthetic. An important part of routine maintenance, the motor oil works well for anything from topping off levels to complete oil changes. Whether it’s a beloved older vehicle or one with an uncertain maintenance history, help protect its engine with AmazonBasics high-mileage, synthetic-blend motor oil.
When selecting parts for a car repair, it pays to know the differences between original and aftermarket parts. Whenever possible, get estimates for both.
Choosing between original and aftermarket car parts — and even used parts of either type — is all about squaring your priorities with your budget.
You’ll have different options depending on the part and the shop. And the best choice will depend on whether you’re trying to keep repairs cheap, restore your car’s appearance after a wreck or soup up your ride.
Original equipment manufacturer (OEM) parts match those that came with your car, and are of the same quality as its original parts. They’re also the most expensive.
The factory-recommended replacement intervals for filters can vary quite a bit depending on the year, make and model of the vehicle, as well as how it is driven. As a rule, older vehicles (those more than 15 to 20 years old) typically have more frequent service intervals than newer vehicles. Why? Because late-model vehicles require less maintenance, thanks to improvements in motor oils, transmission fluids, engine design and filter media.
Many long-life air and oil filters use synthetic fiber media or a blend of cellulose and synthetic fibers to extend filter life.
Changing the oil and filter every 3,000 miles was standard practice decades ago. But it’s no longer necessary because most multi-viscosity oils today are a synthetic blend or a full synthetic that resist viscosity breakdown and oxidation for a much longer period of time. Late-model fuel-injected engines also run much cleaner than their carbureted ancestors, which reduces oil contamination in the crankcase.
Air filters, cabin air filters, oil filters and (sometimes) fuel and transmission filters are important maintenance parts that typically are replaced according to a time and/or mileage schedule. A vehicle’s service schedule recommendations can be found in the owner’s manual or in a separate brochure. Unfortunately, many motorists never read – or totally ignore – the recommendations.
Factory service schedules are designed to prolong the life of the engine, transmission and cooling system, to reduce premature wear and breakdowns, but also to minimize maintenance costs while the vehicle is still under warranty. That’s why factory oil change recommendations have been stretched to 7,500 to 10,000 miles or more on many late-model vehicles. Most late-model cars and light trucks no longer have recommended change intervals for transmission fluid and filters, or for fuel filters. These so-called “lifetime” fluids and filters are supposed to last a long time – but they won’t last forever. Experience has shown that “lifetime” filters and fluids don’t live up to the hype.
Fuel filters always should be replaced when a fuel pump is replaced (unless the filter is part of the fuel pump module assembly). Likewise, transmission filters should be replaced if a customer is changing the fluid in their transmission.
Last Line of Defense Against Contaminants
Filters are the first line of defense against contaminants. Air filters keep dirt and abrasive particles out of the engine. A good-quality air filter will trap about 98 percent or more of the particles that can cause trouble inside an engine. As the filter media becomes saturated with dirt, it’s efficiency actually increases. But, as the filter becomes clogged with more and more dirt, it also becomes more restrictive to airflow. The greater the pressure drop across the filter, the more it hurts performance and fuel economy.
FORMULATED EXCLUSIVELY FOR HIGH-PERFORMANCE TRACK USE
In 1957, Raybestos® started partnering with drivers in the Indy 500 and sponsoring the Safety in Speed award. This started a long tradition of excellence and recognition in the racing world.
Over the years, many drivers have taken the checkered flag using Raybestos® brakes. Today, drivers still rely on Raybestos' quality and innovation for first-lap-to-last-lap championship performance.
Race proven by champions globally, Raybestos® Professional Racing Brake Pads are engineered to provide reliable, consistent braking in all track conditions. Extensive high-temperature, fade-resistance testing on our friction guarantees championship results.
Formulated for high-performance track use, our Racing friction is not designed for street use. It is intended for track use only.
When using Raybestos® Professional Racing Brake Pads you can expect:
Superior friction formulations Dependable, aggressive and fade-resistant braking Superior shear strength Low wear rate Extreme stopping power and unparalleled safety For safe, long-wearing disc brake pads, why would you look anywhere else? Get into pole position with Raybestos® Professional Racing Brake Pads.
Raybestos® Professional Racing Brake Pads offer semi-metallic formulations designed for high-heat racing conditions.
These brake pads are designed and engineered for the demands and extreme usage needed on a race track. They are not meant for street use.
The racing program has a strong selection of popular stocking part numbers featuring a number of:
Application-specific compounds, including high-speed oval, road course, short track, dirt and rally. Pad shapes to fit the world's leading racing caliper manufacturers. A variety of pad thickness options. Custom pads are available through the "Build to Order" part of the program. Just select the pad shape, formulation and thickness you need. We will press it right here in the United States.
Mechanical Retention System:
Our Mechanical Retention System securely attaches the friction material to the backing plate with integrated steel hooks, providing unmatched shear strength.
The Mechanical Retention System system is a proven winner on the most severe racing applications in the world, from Watkins Glen to Martinsville Speedway.