DETROIT -- A decade of strategic stumbles sent Tower Automotive Inc. into Chapter 11 bankruptcy-court protection on Wednesday. Spiraling steel prices were just its latest challenge. The company filed ...

The Livonia-based company said its "strong earnings and cash-flow outlook," in combination with a decline in its stock price, is the reason for the buyback. A sale of Tower Europe, headquartered in ...

NOVI, Mich., March 28 (UPI) -- Bankrupt U.S. auto parts maker Tower Automotive Inc. said Wednesday it would sell itself to private-equity firm Cerberus Capital Management LP for $1 billion. Tower's ...

(NOVI, Mich.)-- Tower Automotive in Novi is laying off 800 workers as part of a restructuring plan. The auto parts supplier declared bankruptcy in February over lower auto production volume and high ...

Tower Automotive Inc., the world’s biggest maker of car and truck frames, won court approval Wednesday to sell its business to Cerberus Capital Management LP, a private-equity group, for about $1 ...