Stellantis and Jaguar have signed a memorandum of understanding, the two companies announced on May 20.
The agreement will see the manufacturers collaborate on product and technology development in the U.S., which could develop into a manufacturing partnership.
Both automakers issued statements to Car and Driver saying the pairing is in the early discussion stages.
Stellantis and Jaguar Land Rover, or JLR, have signed a memorandum of understanding (MOU), the two automotive conglomerates announced on May 20. The companies will work together to explore opportunities to collaborate on product development in the United States, Stellantis confirmed in a release.
Jaguar Type 01 prototype.Jaguar
(Jaguar)
The agreement comes as both automakers struggle to return to their historic highs. Things can’t get much worse for JLR, or specifically for its Jaguar arm, which isn’t currently selling vehicles in the U.S. market, so any partnership is likely welcome. Stellantis is in a better position, though several of the brands in the 14-brand group struggle to sell even 1000 units per year in the United States.
“By working with partners to explore synergies in areas such as product and technology development, we can create meaningful benefits for both sides while remaining focused on delivering the products and experiences our customers love,” said Stellantis CEO Antonio Filosa.
“As we continue to evolve JLR for the future, collaboration will play an important role in unlocking new opportunities. Working with Stellantis allows us to explore complementary capabilities in product and technology development that support our long‑term growth plans for the U.S. market,” said PB Balaji, JLR’s CEO.
According to the announcement by the brands, the new partnership will see JLR and Stellantis work together to develop both products and technology, “leveraging the companies’ strengths to create value for both organizations.” Eventually, the partnership could give JLR access to Stellantis’s North American factories, which could help the British manufacturer skirt U.S. import tariffs.
“This early-stage study is looking at potential synergies between Stellantis and JLR product and technology development in the U.S. It’s too early to discuss specific brands or if it would involve manufacturing plans,” a spokesperson for JLR said in a comment to Car and Driver. A Stellantis spokesperson told us, “We’re exploring opportunities to collaborate in the U.S. on product and technology development. It’s early stages and a non-binding MOU has been signed with next steps including a feasibility study. We have nothing more to share.”
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