Ratan Tata expects Jaguar turnaround after 'difficult time'

Tata Motors Ltd, the Indian owner of Jaguar Land Rover, is hopeful of turning around the unprofitable luxury unit as it cuts costs to battle a slump in sales during the global recession.

“Our main issue would be to sustain ourselves through this and continue to try and do what we’ve been doing for the last several months,” Chairman Ratan Tata said in Washington on Monday. “It’s been a very difficult time.”