Midwood Capital makes suggestions to Motorcar Parts America

By Lisa Kerner

Charlotte, N.C., July 16 - Motorcar Parts America, Inc. investors led by Midwood Capital Management LLC said they may continue to discuss the company's business with management, the board of directors and fellow stockholders, according to a schedule 13D filed with the Securities and Exchange Commission.

In March, Midwood principal Ross D. DeMont made suggestions to company chairman and chief executive officer Selwyn Joffe regarding the deployment of capital and corporate governance.

Midwood and its affiliates beneficially own 561,650 shares, or 4.7%, of Motorcar Parts.

Located in Torrance, Calif., Motorcar Parts remanufactures and distributes alternators and starters for imported and domestic cars and for light trucks in the United States and Canada.

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