NOVI, MI — Tower Automotive has announced it will move the production of frame assemblies for the Dodge Ram light truck from its Milwaukee manufacturing facility to a facility run by the company’s joint venture partner, Metalsa S. de R.L., in Monterrey, Mexico. Tower Automotive owns a 40-percent equity interest in the venture. The move is planned for mid-2005.
Tower President and CEO Kathleen Ligocki said the decision reflects the need for suppliers like Tower Automotive to have a presence in global markets.
Tower Automotive continues to be a major supplier to DaimlerChrysler, providing components for the Dodge Dakota, the Jeep Grand Cherokee and several DaimlerChrysler minivan models, among other vehicles. The company will launch four new programs for DaimlerChrysler in 2004.
To learn more about Tower Automotive, go to: www.towerautomotive.com.
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