Stellantis, JLR to explore jointly developing vehicles in US

The potential collaboration would be the latest ‌in a string of partnerships between global automakers as they look to cut production and R&D expenses and fill underutilized ⁠capacity. Earlier ​in the ⁠day, Stellantis said it was planning a joint venture in ⁠Europe with China's Dongfeng that would explore production of ​electric vehicles.

Stellantis and Britain's Jaguar ​Land Rover will ​consider jointly developing ‌vehicles in the ​U.S., the French-Italian automaker said on Wednesday. The two companies ‌signed a preliminary agreement to explore collaboration opportunities in product and technology development.

They did not disclose any further ‌details. The potential collaboration would be the latest ‌in a string of partnerships between global automakers as they look to cut production and R&D expenses and fill underutilized ⁠capacity.

Earlier ​in the ⁠day, Stellantis said it was planning a joint venture in ⁠Europe with China's Dongfeng that would explore production of ​electric vehicles. For JLR, owned by India's Tata ⁠Motors Passenger Vehicles , the U.S. collaboration with Stellantis as ⁠its financials ​have taken a large hit from U.S. President Donald Trump's tariffs.

The U.S. is a key ⁠growth market for JLR, where its Defender and Range ⁠Rover luxury ⁠SUVs are popular. However, it has no manufacturing presence in the country.