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Tower Automotive posts $680,000 October operating loss
By Caroline Salls
Pittsburgh, Nov. 30 - Tower Automotive Inc. showed a $680,000 operating loss for October on revenues of $153.2 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
The numbers compare to a $10.53 million September operating loss on $160.77 million in revenues.
The net loss for October was $1.52 million, down from a $16.05 million September net loss.
Cash and cash equivalents were $1.18 million at Oct. 31, the same as at the end of September.
The Novi, Mich.-based auto parts maker filed for bankruptcy on Feb. 1, 2005. Its Chapter 11 case number is 05-10578.
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