Stellantis and Britain's Jaguar Land Rover (JLR) 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. No further details were disclosed.
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 on the same day, Stellantis said it was planning a joint venture in Europe with China's Dongfeng to explore production of electric vehicles.
For JLR, owned by India's Tata Motors Passenger Vehicles, the U.S. collaboration comes 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.
