In this week's Tuesday Ticker, an aftermarket parts supplier reported seeing higher sales in Q1, while an OEM, and two technology providers announced updates tied to vehicle platforms, safety systems and EV batteries.
Motorcar Parts reports fiscal 2026 results
Motorcar Parts of America Inc., a Los Angeles-based remanufacturer, manufacturer and distributor of automotive aftermarket parts, reported June 8 its fiscal 2026 fourth-quarter and year-end results. Motorcar Parts trades on Nasdaq under MPAA.
Motorcar Parts products include aftermarket alternators, starters, wheel bearings, hub assemblies, brake calipers, brake pads, brake rotors, brake master cylinders, brake power boosters and diagnostic testing equipment for passenger vehicles, light trucks and heavy-duty applications. Its products are sold to automotive retailers and the professional repair market in the U.S., Canada and Mexico.
For the fourth quarter ended March 31, net sales rose 9.9% to US$212.3 million. Gross profit rose 30.9% to US$50.4 million and gross margin rose to 23.7%, up from 19.9% a year earlier. Net income was US$9.7 million, or US$0.42 per diluted share, compared with a net loss of US$722,000, or US$0.04 per share, a year earlier.
For the full fiscal year, net sales rose 4.3% to US$789.8 million. Net income was US$12.4 million, or US$0.62 per diluted share, compared with a net loss of US$19.5 million, or US$0.99 per share, in fiscal 2025.
The fiscal 2027 outlook includes net sales of US$780 million to US$800 million and EBITDA of US$95 million to US$100 million. EBITDA is earnings before interest, taxes, depreciation and amortization.
In the June 8 earnings release, Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, stated, “Notwithstanding some head winds in fiscal 2026, including a large customer’s ordering activity, we ended the year with a strong quarter and with significant new business commitments and opportunities which will phase in throughout fiscal 2027.”
Following the earnings release, Motorcar Parts traded at US$14.08, up US$3.49 or 33%, during June 8 trading.
Stellantis announces Mulhouse investment
Stellantis N.V., a Hoofddorp, Netherlands-based automaker with brands including Peugeot, Chrysler, Dodge, Jeep, Ram, Fiat and Maserati, announced June 2 that it would invest more than €1 billion in France to produce 3 new Peugeot models at its Mulhouse plant. Stellantis trades on the New York Stock Exchange under STLA, Euronext Milan under STLAM and Euronext Paris under STLAP.
The investment covers 100% electric and hybrid Peugeot models. Production is scheduled to begin in 2029. The vehicles will be based on the STLA One platform, a flexible architecture for electric, hybrid and internal combustion engine vehicles.
The Mulhouse plant employs 4,500 people. The C-segment accounts for about 30% of European automotive sales.
In the release, Antonio Filosa, chief executive officer of Stellantis, stated, “I am very pleased to announce these investments in France for the production in Mulhouse of three 100% electric and hybrid models from the Peugeot brand. This decision attests to the professionalism and exceptional commitment of our teams.”
Following the announcement, Stellantis closed June 2 at US$7.68 on the NYSE, down 1.79% from the previous close.
Autoliv opens safety innovation centre
Autoliv Inc., a Stockholm-based automotive safety systems supplier, announced June 3 that it had opened the Autoliv Innovation Center in Vårgårda, Sweden. Autoliv trades on the New York Stock Exchange under ALV and on Nasdaq Stockholm under ALIV SDB.
Autoliv’s product lines include airbags, seatbelts, steering wheels and mobility safety systems. The new centre brings research, system architecture, testing, prototyping and pilot production into one location.
The June 3 release listed 2025 sales of US$10.8 billion and operations in 25 countries. According to the release, Autoliv safety systems save about 40,000 lives and reduce about 600,000 injuries each year.
In the release, Fabien Dumont, executive vice-president and chief technology officer of Autoliv, stated, “The Autoliv Innovation Center is a strategic development in how we advance safety going forward. By bringing the full innovation chain together, we can move faster from insight to real-world impact and scale solutions globally. It is also the natural evolution of our long-established operations in Vårgårda, building on decades of experience and capability.”
Following the announcement, Autoliv closed June 3 at US$130.42, down 0.96% from the previous close.
Factorial lists on Nasdaq
Factorial Inc., a Boston-based solid-state battery developer backed by automakers including Mercedes-Benz, Stellantis, Hyundai and Kia, announced June 8 that it had completed its business combination with Cartesian Growth Corporation III and listed on Nasdaq. The combined business operates as Factorial Energy Inc. and trades under FAC, with warrants under FACWW.
The transaction gave Factorial an equity value of about US$1.3 billion and provided more than US$100 million in gross proceeds. The proceeds are intended to support commercialization of next-generation batteries for defence and aerospace, hyperscale data centres and e-mobility.
Factorial’s work includes a U.S. solid-state battery production program for passenger vehicles with Karma Automotive, a Mercedes-Benz EQS test vehicle that completed a 1,205-km trip from Stuttgart, Germany, to Malmo, Sweden, on a single charge and 77 Ah cells verified through Stellantis lab testing.
In a June 8 press release, Siyu Huang, chief executive officer of Factorial, stated, “We built Factorial to solve one of the hardest problems in energy – making solid-state real at scale. The automotive industry is the most demanding proving ground in the world, and we’ve shown our technology can perform in real cars on real roads. That foundation positions us to scale, providing power to drones, robotics, and next generation energy systems.”
