- Tower Automotive
Tower Automotive LLC is a global designer and producer of structural components and assemblies used by virtually every major automotive vehicle manufacturer. The companies main products include ody structural stampings and assemblies, chassis structural stampings and assemblies, including full frames and cradles, suspension components, modules and systems and exposed sheet metal ("Class A") surfaces.
In 2007 the company generated revenues of $2.2 billion. The company employs 11.000 employees and currently has 39 facilities in 13 countries in North and South America, Europe and Asia. Tower Automotive is headquartered in Novi, Michigan, United States. In the Automotive News global supplier ranking for 2006 the company ranked on the 55th position.
The company was founded in 1993 as R.J. Tower Corporation, later renamed Tower Automotive. During the 1990's Tower Automotive grew fast with multiple acquisitions in North America, Europe, Asia and South America. Tower Automotive, Inc. (a U.S. registered company) and its U.S. operating subsidiaries filed for Chapter 11 bankruptcy reorganization in February 2005. In July 2007 Tower Automotive successfully emerged from Chapter 11 as an affiliate of Cerberus Capital Management, L.P.
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