A unit of Tata Motors said it will stop making vehicles at a Spanish plant from next month because of mounting losses and no signs of a turnaround in muted demand in the near future. Tata Hispano Motors Carrocera said the move to stop production at its Zaragoza factory in northern Spain, would impact all 287 employees, adding it had accumulated operating losses of 60 million euros in the past five years.
Posted on: Wed, 25 Sep 2013 04:30:27 +0000