TORRANCE, Calif.--Sept. 23, 2003--Motorcar Parts & Accessories, Inc. (Internet billboard:MPAA) announced today that Richard Marks, advisor to its Board of Directors and Chief Executive Officer and until late 1999 its President and Chief Operating Officer, has submitted his resignation at the request of the Board, effective immediately. As previously disclosed, Mr. Marks has previously advised the Company that he is a target of the U.S. Attorney's investigation. The investigation is currently consuming a substantial amount of Mr. Marks' time and efforts. Also as previously disclosed, the Company is not a target of the U.S. Attorney's investigation. The Company and Mr. Marks have agreed in principle to a settlement of Mr. Mark's employment agreement, which was scheduled to expire on December 31, 2003.

MPA is a leading remanufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. MPA also assembles and distributes ignition wire sets for imported and domestic cars and light trucks. MPA has facilities in the United States in Torrance, California, and Nashville, Tennessee, as well as overseas in Singapore and Malaysia.