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A few days ago, Tata Motors declared to close its CV subsidiary"s Zaragoza plant in Spain due to the slump in business.
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."