Stellantis in Auburn Hills and Jaguar Land Rover (JLR), which has its North American headquarters in New Jersey, have signed a Memorandum of Understanding (MOU) to explore opportunities to collaborate on product development in the United States.
Under the terms of the non-binding agreement, Stellantis and JLR will explore collaboration opportunities to create synergies across product and technology development, leveraging the companies’ complementary strengths to create value for both organizations.
“By working with partners to explore synergies in areas such as product and technology development, we can create meaningful benefits for both sides while remaining focused on delivering the products and experiences our customers love,” says Antonio Filosa, CEO of Stellantis.
PB Balaji, CEO of JLR, says, “As we continue to evolve JLR for the future, collaboration will play an important role in unlocking 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.”
Implementation of any potential transactions as a result of the MOU discussions would be subject to customary closing conditions, including execution of binding definitive agreements.
For more information, visit stellantis.com/en and jlr.com.
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