Motorcar Parts of America Reports Strong Fiscal 2014 Second Quarter Results

Motorcar Parts of America, Inc. (MPAA) today reported results for its fiscal 2014 second quarter and six-month period -- reflecting the first full quarter of contributions from the company's new wheel hub product line.

Net sales for the fiscal 2014 second quarter increased 14.8 percent to $66.2 million from $57.7 million for the same period last year. Net income for the same period was $2.2 million, or $0.15 per diluted share, compared with a net loss of $8.9 million, or $0.62 per share, a year ago -- reflecting the impact of the company's discontinued subsidiaries.

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Automodular Corporation: Ford Contract Update

Automodular Corporation (AM.TO) ("Automodular" or "the Company") reports that it has signed an extension agreement with Ford Motor Company of Canada, Limited ("Ford") that would have the Company continue to provide sub-assembly and sequencing services for its existing commodities until December 23, 2014 on commercial terms similar to those in its current agreement with Ford. As part of the agreement, Ford has provided certain production and price related assurances and will fund Automodular's incremental closure costs related to this extension. Following the expiry of the commercial extension, Automodular expects to close its two remaining automotive operating facilities located in Oakville, Ontario. Automodular continues to search for opportunities in both the wind renewable sector and others to leverage its core manufacturing and project management skills.

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CDTi's Zero-Platinum Group Metal Catalyst Technology Approved for Patent Grant

27 Additional ZPGM Patent Applications Filed During 2013

Clean Diesel Technologies, Inc. (CDTI) ("CDTi" or the "Company"), a leader in advanced emissions control solutions, is pleased to announce that the United States Patent and Trademark Office has approved an important patent to its innovative Zero-Platinum Group Metal ("ZPGM") Catalyst Technology. This newly allowed patent strengthens CDTi's ZPGM intellectual property ("IP") position for emissions control catalysts, free of platinum group metals ("PGM").

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Apollo Tyres to Acquire Cooper Tire & Rubber Company

Apollo Tyres Ltd (NSE:ApolloTYRE) and Cooper Tire & Rubber Company (NYSE:CTB - News) today announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cooper stockholders will receive $35.00 per share in cash. The transaction represents a 40% premium to Cooper’s 30-day volume-weighted average price.

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Kandi-Geely Co-Developed Pure Electric Sedan Receives Approval From Ministry of Industry and Information Technology of China

Kandi Technologies Group, Inc. (the 'Company' or 'Kandi') (KNDI), today announced that JL7001BEV, the first pure electric sedan jointly developed by Kandi and Geely Automobile Holdings Ltd. (Hong Kong Stock Exchange, Stock Code: 175) (the "Geely"), has been approved by Ministry of Industry and Information Technology of the People's Republic of China ("MIIT").

According to No. 27 public announcement of MIIT, Kandi Brand/JL7001BEV model is among the latest vehicles on the lists of "Approved Vehicles (No. 248)" and "Recommended Models for Energy Saving & New Energy Vehicle Demonstration and Promotion in China (No. 45)".

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