Tata Motors to end bus production in Spain

Closure slated for October

Tata Motors has announced that it will end production at its Tata Hispano Motors Carrocera factory in Spain, reports the Wall Street Journal (WSJ). The company said in a statement that the decision was taken because "despite strong investments, there has not been a positive result to reverse the challenging business situation and losses for the plant." The closure of the site in Zaragoza (Spain) would take place in October and would result in the loss of 287 jobs. However, it added that it has received an offer from Spain's Benseny Group, and stated, "This proposal, which is not a purchase offer, is being pursued to explore the possibility of achieving continuity of Zaragoza factory."