Stellantis and JLR Consider Joint Vehicle Development in the US
Potential Collaboration and Industry Context
Preliminary Agreement and Collaboration Goals
May 20 (Reuters) - Stellantis and Britain's Jaguar Land Rover will consider jointly developing vehicles in the U.S., the French-Italian automaker said on Wednesday.
The two companies signed a preliminary agreement to explore collaboration opportunities in product and technology development.
They did not disclose any further details.
Industry Trends and Strategic Partnerships
The potential collaboration would be the latest in a string of partnerships between global automakers as they look to cut production and R&D expenses and fill underutilized capacity.
Stellantis’ Broader Partnership Initiatives
Earlier in the day, Stellantis said it was planning a joint venture in Europe with China's Dongfeng that would explore production of electric vehicles.
JLR’s Position and U.S. Market Strategy
For JLR, owned by India's Tata Motors Passenger Vehicles, the U.S. collaboration with Stellantis as its financials have taken a large hit from U.S. President Donald Trump's tariffs.
The U.S. is a key growth market for JLR, where its Defender and Range Rover luxury SUVs are popular. However, it has no manufacturing presence in the country.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sahal Muhammed)
