Sales Down And Net Loss For Titan In 3rd Quarter

Titan International’s financial figures for the third quarter have been released. Turnover was $100.5 million, compared with $119.

8 m for the same period last year. Titan recorded a net loss for the quarter of $9.5 m (Q3 2000: $7.

4 m). The net loss for the year to date was $13.3 m, compared to a net profit for YTD last year of $12.

5 m. President and CEO Maurice Taylor Jr. was optimistic that Titan would turn the corner next year, pointing to the end of the 40-month strike at the Des Moines plant and the gaining of a $45 million military contract as positive factors.