During the corresponding time, Tower International, Inc. saw a revenue deteriorated by -37.87 % year on year, sequentially revenue fell by -8.79 %. While revenue at the Tower International, Inc.'s corporate clients
Tower International's Comment on Sales, Marketing and Customers
We have developed long-standing business relationships with our automotive
customers around the world. We work together with our customers in various stages
of production, including development, component sourcing, quality assurance,
manufacturing, and delivery. With a diverse mix of products and facilities in
major markets worldwide, we believe we are well-positioned to meet customer
needs. We believe we have a strong, established reputation with customers for
providing high-quality products at competitive prices, as well as for timely
delivery and customer service. Given that the automotive OEM business involves
long-term production contracts awarded on a platform-by-platform basis, we believe
that we can leverage our strong customer relationships to obtain new platform
awards. Contracts are typically sole-sourced to one supplier for individual
platforms.
We believe we have a well diversified customer mix, as eight different OEMs
individually accounted for 5% or more of our revenues.
Customer
Ford
Chrysler
VW Group
Fiat
Volvo
Nissan
Toyota
Daimler
Chery
BMW
Honda
Other
Tower International’s Comment on Sales, Marketing and Customers
We have developed long-standing business relationships with our automotive
customers around the world. We work together with our customers in various stages
of production, including development, component sourcing, quality assurance,
manufacturing, and delivery. With a diverse mix of products and facilities in
major markets worldwide, we believe we are well-positioned to meet customer
needs. We believe we have a strong, established reputation with customers for
providing high-quality products at competitive prices, as well as for timely
delivery and customer service. Given that the automotive OEM business involves
long-term production contracts awarded on a platform-by-platform basis, we believe
that we can leverage our strong customer relationships to obtain new platform
awards. Contracts are typically sole-sourced to one supplier for individual
platforms.
We believe we have a well diversified customer mix, as eight different OEMs
individually accounted for 5% or more of our revenues.
Customer
Ford
Chrysler
VW Group
Fiat
Volvo
Nissan
Toyota
Daimler
Chery
BMW
Honda
Other
Sources:
Tower International, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Tower International, Inc.’s corporate clients.
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