Motorcar Parts of America (MPAA +12.1%) jumps double-digits after saying two of its separately...

|About: Motorcar Parts of America, ... (MPAA)|By:, SA News Editor

Motorcar Parts of America (MPAA +12.1%) jumps double-digits after saying two of its separately capitalized subsidiaries will file for bankruptcy, resulting in their deconsolidation from MPAA's financial statements. CEO Selwyn Joffe says the company's rotating electrical base business is still strong and should turn in record revenue of $213M when the company reports full year results this month. (PR)