• Jun. 10, 2013, 9:40 PM

    Motorcar Parts of America (MPAA +12.1%) gained ground today after announcing it's cutting its losses on Fenwick Automotive Products/Introcan, which it bought two years ago. Fenco will now be a separate company, likely to file for bankruptcy, and MPAA has written it off. Fenco, which cost $5M, cost MPAA a $6.9M operating loss in FQ3.

    Jun. 10, 2013, 9:40 PM | 1 Comment