To expand model lineup and annual production
Fiat Chrysler Automobiles chief executive officer Sergio Machionne presented the five-year plan for Jeep, which intends to expand the brand’s model lineup and annual production.
For one, the Compass and Patriot will remain in production until 2016. Then, the two models will be replaced by a new model lineup called the ‘C SUV.’
Jeep has not yet released any details on what the C SUV models look like, but said it will be placed between the Renegade and Cherokee lineup.
In 2016, the Cherokee model will undergo a mid-cycle facelift in time for Jeep’s 75th anniversary.
By 2017, the Renegade will be facelifted and the brand will introduce an all-new Wrangler that is said to be lighter than the outgoing model.
The Grand Cherokee will also have its facelift in late 2015 and will be replaced by an all-new model in 2017.
The five-year plan also includes reviving an old nameplate in 2018 – the Grand Wagoneer.
Other than the new and updated models, Jeep also intends to increase their annual production to 1.9 million units come 2018. Furthermore, the brand will open about 1,300 new dealerships that will be based mostly in Asia.