LOS ANGELES–(BUSINESS WIRE)–Dec. 16, 2019– Motorcar Parts of America, Inc.(Nasdaq:MPAA) today announced its wholly owned subsidiary D&V Electronics, based in Toronto, Canada, has appointed Uday Deshpande, Ph.D., as chief technology officer, a newly created position.
Deshpande, 51, most recently served as vice president, global vehicle electronics systems for CNH Industrial N.V. He previously served as senior director, global electrical systems engineering for Ingersoll Rand. Earlier in his career he served as manager of power electronics, systems controls & software for General Atomics. His career experience also includes positions with Fisker Automotive, Maxwell Technologies, Black & Decker Inc. and Globe Motors. Uday earned a Bachelor of Technology degree from the Indian Institute of Technology; and, a Master of Science degree in electrical engineering and a Ph.D. in electrical engineering from the University of Kentucky. He holds more than 10 patents (awarded or pending), and is a regular speaker at various forums on IoT and connected products.
“Uday’s significant engineering experience complements D&V’s strategic focus on leveraging its world-class testing systems and capitalizing on the increasing global demand for electronic testing products and services, particularly within the automotive and aerospace markets,” said Selwyn Joffe, chairman, president and chief executive officer.
“Uday has a solid background in leading innovation and implementing new technologies. These qualities are consistent with D&V’s legacy and our focus on being the leader in electrical powertrain testing systems and related applications,” Bill Hardy, chief executive officer of D&V Electronics.
About Motorcar Parts of America, Inc.
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. In addition, the company designs and manufactures test solutions for performance, endurance and production testing of electric motors, inverters, alternators, starters, and belt starter generators for the OE, aerospace and aftermarket. 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 New York, California, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia and Canada. 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.