MENU
SEARCH
According to Reuters, Tower Automotive Inc. on July 22 posted a quarterly loss, hurt by asset impairment and restructuring charges.
The news agency said Tower had a second-quarter loss of $2 million, or 4 cents a share, compared with a profit of $23 million, or 37 cents a share, a year ago. Revenue fell to $743 million from $751 million.
Reuters added that analysts' earnings consensus estimate was for a profit of 14 cents a share, in a range of 6 cents to 18 cents, according to Reuters Research, a unit of Reuters Group Plc.
Grand Rapids, Mich.,-based Tower, which makes auto body structures among other components, said it recorded a $23.1 million charge in the second quarter for relocating its Ford Ranger frame production line to Ohio from Milwaukee in a move that is expected to save $10 million a year in labor costs, as reported by Reuters.
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →
More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
Read More →
It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.
Read More →
Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.
Read More →
Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.
Read More →
Helping F&I customers understand complementary offerings is likely to lead to more sales, based on the success of a high-performing practitioner of the philosophy.
Read More →