Stellantis, Jaguar Land Rover to Co-Develop Vehicles in U.S.

On May 20, Stellantis and Jaguar Land Rover announced they would explore collaboration on vehicle development for the U.S. market. This marks the first cooperation agreement secured by Stellantis CEO Antonio Filosa in the high-margin, core U.S. market since taking office. The two companies have signed a non-binding memorandum of understanding but have not yet clarified whether the partnership will involve contract manufacturing of complete vehicles. The collaboration could enable Jaguar Land Rover—owned by India’s Tata Motors—to leverage Stellantis’ U.S. manufacturing facilities to produce vehicles, thereby avoiding tariffs imposed on imported cars in the American market. Previously, Stellantis has entered into partnerships with Chinese automakers Leapmotor and Dongfeng Motor, aiming to revitalize its struggling European operations and restart its production footprint in China. Last year, the group also announced plans to invest $13 billion to rejuvenate its U.S. business. Under former CEO Carlos Tavares, Stellantis suffered from prolonged underinvestment, leading to weak performance. The current management team is now undertaking a comprehensive restructuring of the group’s 14 automotive brands, with goals including restoring revenue growth, reducing operating costs, and increasing market share. Filosa emphasized that cross-industry partnerships will become a cornerstone of the group’s future strategy, with detailed new strategic plans set to be unveiled at the Capital Markets Day event on May 21.