Tata Motors to Close CV Plant in Spain

27 September 2013

www.chinabuses.org: A few days ago, Tata Motors declared to close its CV subsidiary's Zaragoza plant in Spain due to the slump in business.

 

Tata


It's said closing the plant is due to economic and business aspects and the company fails to tip the balance despite the huge investment. 


"In the past five years, the operating losses of Tata Hispano Motors Carrocera has surpassed EUR 60 million." said Tata Motors, "the losses are caused by declining sales and recession in demand."

Source : www.chinabuses.org

Editor : Song

Views:5434

Tags: Tata CV bus

Share :
China Buses Contact

Please leave your questions and suggestions.

Latest News
More +