Stellantis and JLR sign MOU for product development in the U.S.
Stellantis and Jaguar Land Rover (JLR) have signed a Memorandum of Understanding (MOU) that media outlets report could allow JLR to sidestep import tariffs.
A press release states that the MOU aims to explore opportunities to collaborate on product development in the U.S. This will include synergies across product and technology development, leveraging the companies’ complementary strengths to create value for both organizations.
“As we continue to evolve JLR for the future, collaboration will play an important role in unlocking new opportunities,” said PB Balaji, JLR chief executive officer, in the release. “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.”
Automotive News reports that the MOU may eventually give JLR access to Stellantis factories. This would allow the OEM to sidestep import tariffs.
Multiple media outlets noted that both automakers declined to provide further details on the partnership.
Car and Driver reports that Jaguar is not currently selling vehicles in the U.S., while Stellantis is in a better position but is also struggling to sell some of its brands in the market.
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Logos provided by JLR and Stellantis