Tower Automotive, Inc. (NYSE: TWR), today announced that its board of directors has approved the purchase of up to $100 million of shares of the company's common stock from time to time, if authorized by the executive committee of the board. The shares may be purchased from time to time in the open market at prevailing prices and at times and amounts to be determined by the board's executive committee as market conditions and its capital position warrant. The purchased shares will be placed in treasury and may subsequently be reissued for general corporate purposes.