Stellantis, JLR to explore jointly developing vehicles in US

May 20 (Reuters) - 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.

STELLANTIS