Under the agreement, the two companies will study ways to create synergies in product and technology development by using their complementary capabilities. The discussions are aimed at creating value for both companies while supporting their long-term plans in the US market.
Antonio Filosa, chief executive officer of Stellantis, said, “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.”
PB Balaji, chief executive officer of JLR, said, “Working with Stellantis allows us to explore complementary capabilities in product and technology development that support our long-term growth plans for the US market.”
The companies did not provide details about possible future products, technologies or manufacturing plans under the proposed collaboration. Any deal resulting from the discussions would be subject to customary closing conditions and the signing of definitive agreements.
The move reflects a broader trend among global automakers to work together to manage the rising costs of vehicle technology and platform development.
Stellantis owns brands including Fiat, Peugeot, Citroën, Jeep, Dodge and Chrysler. JLR, which owns the Jaguar, Range Rover and Defender brands, is a subsidiary of Tata Motors.
