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TITAN REPORTS 25% INCREASE IN THIRD QUARTER SALES

Quincy, IL. - Titan International, Inc. (NYSE: TWI)

October 29, 2007

Third quarter and year-to-date highlights:

·	Sales for third quarter 2007 were an all-time record of $195.5 million, up 25 percent, as compared to $156.1 million in the third quarter of 2006.

·	Year-to-date sales were an all-time record of $632.1 million, a 23 percent increase from $513.9 million for the nine-month period in 2006.

·	Gross profit was $18.3 million for the third quarter, a 7 percent increase from $17.1 million in the third quarter of 2006.

·	Titan’s quarter-ending cash balance of $55.3 million is an increase of 66 percent over the December 31, 2006, balance of $33.4 million.

·	Titan’s stockholders’ equity ended the third quarter at $300.4 million, a rise of $113.3 million, or 61 percent, from the 2006 year-end balance of $187.2 million.

Statement of Chief Executive Officer:

“The agricultural market for wheels and tires is finally starting to show the growth we’ve been waiting for since 2006,” said Titan Chairman and CEO Maurice M. Taylor Jr. “The orders for wheels and tires are as strong as we’ve seen since 2004, and we believe it could continue to grow not only through 2008, but also into 2009 and beyond.

“The OTR mining tire business remains strong. Since Titan announced the decision to build super giant 57- and 63-inch tires, almost every mining company in the top 30 has made plant visits to Titan and found that we will be able to supply them with both wheels and tires for all equipment they use in open-pit or underground mining. This should add tremendous volume going forward for Titan.

“The team of engineers that Chief Operating Officer Ernie Rodia has put together is an impressive group. Rodia headed Goodyear’s Global Engineering and Manufacturing Technology team for five years before his retirement from Goodyear in December 2003. He has given this group a boost in energy; I’ve nicknamed them the gray haired band. To support this group we’ve added 10 young engineers,” said Taylor. “Titan’s plan is to install a 24-foot bull wheel, to be used for testing the 63-inch tire, by January 2008. This bull wheel will have load capacity of 500,000 pounds at 42 miles per hour. The first 63-inch tire should be built by February 15, 2008, and samples by March 2008. Production will start in second quarter 2008, and all other giant radials will be phased in during that time.

“Titan should be finishing OTR conversion at the Freeport plant during fourth quarter this year. Expansion is underway at Titan Tire in Bryan, Ohio, with the construction of an approximately 250,000-square-foot addition. This project will add jobs to the area, and allow us to produce as many as 6,000 giant tires per year.

“Third quarter sales were great and with previously announced price increases, we expect operating profit margins to improve going forward.”

Financial overview:

Titan International, Inc.’s net sales of $195.5 million for the third quarter of 2007 were 25 percent higher than third quarter 2006 sales of $156.1 million. Net sales for the nine months ended September 30, 2007, were $632.1 million, up from $513.9 million recorded in 2006, a 23 percent increase.

Gross profit for the third quarter of 2007 was $18.3 million, as compared to $17.1 million in the third quarter of 2006. Year-to-date gross profit was $72.8 million for 2007, as compared to $70.6 million for 2006.

Income from operations for the third quarter of 2007 was $2.7 million, as compared to $4.7 million in the third quarter of 2006. Year-to-date income from operations was $30.2 million in 2007, compared to $33.7 million in 2006.

Loss before taxes for the third quarter of 2007 was $(0.8) million, as compared to income before taxes of $0.8 million in 2006. Year-to-date income before taxes totaled $4.7 million in 2007, as compared to $24.5 million in 2006. The year-to-date total for 2007 included a $13.4 million noncash convertible debt conversion charge.

Income taxes of $0.1 million were recorded for the third quarter of 2007, compared to $0.3 million in 2006. Year-to-date, income tax expense was $3.1 million for the nine months ended September 30, 2007, compared to $9.8 million in 2006.

Net loss was $(0.9) million for the third quarter of 2007, compared to net income of $0.5 million in third quarter 2006. Year-to-date, net income was $1.6 million in 2007 and $14.7 million year-to-date in 2006.

For third quarter 2007, basic loss per share was $(.03), compared to $.02 at September 30, 2006. Year-to-date basic earnings per share were $.06, compared to $.75 year-to-date 2006.

Diluted loss per share was $(.03) for the third quarter of 2007 compared to earnings per share of $.02 in 2006. Year-to-date diluted earnings per share were $.06 for 2007 and $.65 for 2006.

Titan’s quarter-end cash was $55.3 million at September 30, 2007, an increase of nearly $22 million from $33.4 million at year-end 2006. Long-term debt was $200 million, decreasing from $291.3 million at year-end 2006.

The company’s stockholders’ equity increased $113.3 million in the nine months ended September 30, 2007. Titan’s equity balance reached $300.4 million at September 30, 2007, a significant increase from the $187.2 million at December 31, 2006.

Giant OTR mining tires expansion:

In May 2007, Titan’s Board of Directors approved funding for the company to increase giant OTR (off-the-road) mining tire production capacity to include 57- and 63-inch giant radial tires. This funding should allow Titan to produce up to an estimated 6,000 giant radial tires a year. Titan estimates this may increase sales as much as $240 million. Titan currently plans to be in start-up production of these giant mining tires by the end of the second quarter 2008.

Form 10-Q:

For additional information and Management’s Discussion and Analysis of Financial Condition and Results of Operations, see the company’s Form 10-Q to be filed with the Securities and Exchange Commission on October 29, 2007.

Safe harbor statement:

This press release includes forward-looking statements that involve risks and uncertainties, including risks as detailed in Titan International, Inc.’s periodic filings with the Securities and Exchange Commission, including the annual report on Form 10-K for the year ended December 31, 2006. The company cautions that any forward-looking statements included in this press release are subject to a number of risks and uncertainties and the company undertakes no obligation to publicly update or revise any forward-looking statements.

Company description:

QUINCY, Ill.—Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.

Titan International, Inc.

Consolidated Condensed Statements of Operations (Unaudited)

For the three and nine months ended September 30, 2007 and 2006

Amounts in thousands except earnings per share data.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2007			2006			2007			2006
Net sales	$	195,472		$	156,120		$	632,083		$	513,891
Cost of sales		177,178			139,040			559,287			443,255
Gross profit		18,294			17,080			72,796			70,636

Selling, general & administrative expenses		14,123			11,260			38,090			33,034
Royalty expense		1,474			1,113			4,490			3,952
Income from operations		2,697			4,707			30,216			33,650

Interest expense		(4,472	)		(4,565	)		(14,651	)		(11,997	)
Noncash convertible debt conversion charge		0			0			(13,376	)		0
Other income		975			671			2,521			2,820
(Loss) income before income taxes		(800	)		813			4,710			24,473

Provision for income taxes		78			325			3,109			9,789

Net (loss) income	$	(878	)	$	488		$	1,601		$	14,684

Earnings per common share:
Basic	$	(.03	)	$	.02		$	.06		$	.75
Diluted		(.03	)		.02			.06			.65

Average common shares outstanding:
Basic		27,311			19,731			25,137			19,670
Diluted		27,311			20,060			25,591			26,027

Segment Information

Revenues from external customers (Unaudited)

Amounts in thousands
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2007		2006		2007		2006
Agricultural	$	118,530	$	89,014	$	377,930	$	329,708
Earthmoving/Construction		69,431		56,683		216,891		117,489
Consumer		7,511		10,423		37,262		66,694
Total	$	195,472	$	156,120	$	632,083	$	513,891

Titan International, Inc.

Consolidated Condensed Balance Sheets (Unaudited)

Amounts in thousands
	September 30,		December 31,
Assets	2007		2006
Current assets:
Cash and cash equivalents	$	55,337	$	33,412
Accounts receivable		117,459		73,882
Inventories		132,553		154,604
Deferred income taxes		27,699		29,234
Prepaid and other current assets		20,684		18,801
Total current assets		353,732		309,933

Property, plant and equipment, net		185,490		184,616
Investment in Titan Europe Plc		63,140		65,881
Goodwill		11,702		11,702
Other assets		16,598		12,994
Total assets	$	630,662	$	585,126

Liabilities & stockholders’ equity
Current liabilities:
Short-term debt	$	0	$	98
Accounts payable		54,646		25,884
Other current liabilities		36,858		36,942
Total current liabilities		91,504		62,924

Long-term debt		200,000		291,266
Deferred income taxes		25,650		27,924
Other long-term liabilities		13,068		15,835
Stockholders’ equity		300,440		187,177
Total liabilities & stockholders’ equity	$	630,662	$	585,126

Visit www.titan-intl.com for conference call information.

Contact: Courtney Leeser, Communications Coordinator

(217) 221-4489