UPDATE 1-Tower Int'l to take $5-$10 mln Q4 charge

Newswire

* Charge associated with contract termination * Charge reflects invested capital costs of about $15 mln Dec 30 (Reuters) - Auto parts supplier Tower International Inc said it would take a fourth-quarter pretax impairment charge of $5-$10 million as its solar customer Stirling Energy Systems terminated a purchase contract. In a regulatory filing, Tower said it has been notified that the power-purchase agreement for one of Stirling Energy Systems' two principal solar projects -- the ...

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