Driving the news: Stellantis and Jaguar Land Rover (JLR) signed a non-binding agreement allowing the companies to hunt joint ventures on product and technology development in the U.S.
For context: The companies announced the agreement today (May 20) and said any deals would be subject to final approval.
PB Balaji, CEO for JLR, said in the release that the collab would unlock 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 US market,” Balaji said.
Specifics on products and timelines were not yet disclosed.
Bottom line: For Stellantis dealers, this could eventually lead to cheaper development and more competitive vehicles. And Stellantis' manufacturing scale and U.S. infrastructure could benefit JLR dealers as Jaguar works on rebranding and Land Rover navigates reliability perception issues.
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