India's Tata Motors unit to stop production at Spanish plant

Newswire

NEW DELHI, Sept 24 (Reuters) - A unit of India's Tata Motors Ltd 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 ($80.96 million) in the past five years. ...

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