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Stellantis $STLA +1.56% and Jaguar Land Rover signed a non-binding memorandum of understanding on Wednesday to explore opportunities to collaborate on product and technology development in the United States. Neither company disclosed further details about what the partnership could involve.
Stellantis CEO Antonio Filosa said the deal could produce "meaningful benefits for both sides while remaining focused on delivering the products and experiences our customers love," the company said. JLR head PB Balaji said the arrangement would allow the company to "explore complementary capabilities in product and technology," adding that JLR has "long-term growth plans for the US market."
Among the outcomes the two companies are weighing, according to Motor1, are joint platforms, technology sharing, and arrangements for building vehicles together. Access to Stellantis factories on American soil is one scenario being weighed, according to Bloomberg, a move that could shield JLR from import levies in the country that has grown into its biggest sales territory. JLR, owned by India's Tata Motors Passenger Vehicles, currently has no manufacturing presence in the U.S.
U.S. tariffs have weighed on JLR's finances. Last year alone, tariff-related costs ran to £410 million for JLR, a burden that pushed the company to pass some of that expense on to buyers through higher prices and delivery fees, according to Motor1. Tariffs have cost the global auto industry at least $35.4 billion since 2025, with the Detroit Three — GM, Ford $F +1.42%, and Stellantis — absorbing $6.5 billion of that figure in 2025 alone.
