Tower Automotive sales decline
Net loss amounts to US$202m
Tower Automotive, reported a decline in its sales for the year ended 31 December 2006 to US$2.53bn from US$2.93bn in 2005. This was mainly due to lower volume, the impact of two frame programs ending and unfavourable product mix and higher steel prices. However, these were partially offset by the impact of a favourable foreign exchange.
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