Stellantis and JLR have signed a memorandum of understanding to develop products and technologies.
The two will look for ‘synergies.’
The partnership might result in shared platforms, technologies, or production facilities.
The late Sergio Marchionne would be smiling today. The former CEO of Fiat Chrysler Automobiles spent much of his career trying to merge his company with another. FCA would eventually unite with PSA Group in 2021, and now that entity, Stellantis, is teaming up with Jaguar Land Rover (JLR) in the United States.
Today, Stellantis and JLR announced that they have signed a non-binding Memorandum of Understanding "to explore opportunities to collaborate on product development in the United States." The press release from Stellantis does not detail what that partnership could look like, but the pair will explore "synergies across product and technology development."
