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Tower Automotive posts $1.82 million April operating loss
By Caroline Salls
Pittsburgh, May 31 - Tower Automotive Inc. had a $1.82 million operating loss for April on $127.05 million in revenues, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.
In March, the company posted a $6.22 million operating income on $162.88 million in revenues.
The net loss for April was $13.48 million, up from a $2.86 million March net loss.
Cash and cash equivalents on April 30 were $65.03 million, compared with $52.07 million the month before.
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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