Tower Automotive posts $7.46 million August operating loss

By Jennifer Lanning Drey

Eugene, Ore., Sept. 29 - Tower Automotive, Inc. reported a $7.46 million operating loss in August on revenues of $121.30 million, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The numbers compared to a $40.52 million operating loss in July on revenues of $94.34 million.

The net loss for August was $16.84 million, compared to a $53.25 million net loss in July.

Cash and cash equivalents were $12.73 million on Aug. 31, compared to $26.99 million on July 31.

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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