Exhibit 12.1

Tower International, Inc.

Statement of Computation of Ratio of Combined Earnings to Fixed Charges and Preferred Stock Dividends

(Amounts in thousands, except ratio of earnings to fixed charges)

	Years Ended December 31,
	2017			2016			2015			2014			2013
Earnings:
Income / (loss) before provision for income taxes and income / (loss) from discontinued operations	$	101,316		$	73,534		$	61,623		$	48,528		$	(31,012	)
Add: Fixed charges		26,714			32,464			34,756			44,344			60,519
Add: Amortization of capitalized interest		1,327			1,069			887			818			765
Less: Capitalized interest (a)		(4,357	)		(3,016	)		(2,142	)		(1,584	)		(1,587	)
Total earnings	$	125,000		$	104,051		$	95,124		$	92,106		$	28,685
Fixed charges:
Interest expense (a)	$	13,975		$	21,858		$	24,595		$	35,038		$	52,068
Capitalized interest (a)		4,357			3,016			2,142			1,584			1,587
Estimate of interest within rental expense (b)		8,382			7,590			8,019			7,722			6,864
Total fixed charges	$	26,714		$	32,464		$	34,756		$	44,344		$	60,519
Preferred stock dividends	$	-		$	-		$	-		$	-		$	-
Ratio of combined earnings to fixed charges and preferred stock dividends (c)		4.7	x		3.2	x		2.7	x		2.1	x		-

(a) Includes interest expense related to continuing and discontinued operations.             

(b) One-third of the Company's rental expense has been used as an estimate of interest within rental expense because the Company believes that is a reasonable approximation of the interest factor.

(c) During the year ended December 31, 2013, the Company's earnings were insufficient to cover its fixed charges by $31.8 million.