Tower Automotive reports $12.08 million November operating loss

By Caroline Salls

Pittsburgh, Dec. 22 - Tower Automotive, Inc. reported a $12.08 million operating loss for November on revenues of $116.47 million, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In October, the company posted a $5.82 million operating loss on revenues of $115.53 million.

The net loss for November was $16.61 million, down slightly from a $17.73 million October net loss.

Cash and cash equivalents on Nov. 30 were $4.38 million, compared with $477,000 at the end of October.

The Novi, Mich.-based auto parts maker filed for bankruptcy on Feb. 1, 2005 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 05-10578.

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