Tata Motors Reveals Turnaround Plan For Jaguar Land Rover After Loss

India's Tata Motors Ltd on Wednesday announced a turnaround plan for its luxury car unit Jaguar Land Rover which has been hit hard by trade tensions between China and the US, low demand for diesel cars in Europe and worries over Brexit. Under "Project Charge" Tata Motors said it plans to cut costs and improve cash flows at Jaguar Land Rover (JLR) by 2.5 billion pounds ($3.2 billion) over 18 months. JLR also plans to launch several new vehicles including the Jaguar I-Pace and the new Range Rover Defender over the next few years and will offer a hybrid or electric version of all its models by 2020.

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