Tower Automotive, Inc. (NYSE: TWR) today said that the announced Ford Explorer and Ranger production cuts and the further weakening of the heavy truck market will have a negative impact on its third-quarter earnings.

These items are expected to reduce earnings by approximately $0.03 to $0.05 per share for the third quarter of 2000. Tower Automotive believes that there is limited potential for recovery of lost units before year-end, but if these items are still applicable in the fourth quarter, there could be further impact.

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Tower Automotive, Inc., produces a broad range of assemblies and modules for vehicle structures and suspension systems for the automotive manufacturers, including Ford, DaimlerChrysler, GM, Honda, Toyota, Nissan, Auto Alliance, Fiat, BMW and Volkswagen.

Products include body structural assemblies such as pillars and package trays, control arms, suspension links, engine cradles and full frame assemblies. The company is based in Grand Rapids, Mich., and has its corporate office in Minneapolis, Minn.

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