The ambitious plan includes the creation of production facilities in Asia, Europe and Latin America, with the view to more than double sales from 732,000 last year to 1.9 million by 2018.
The five-year plan, announced in Detroit overnight by FCA CEO Sergio Marchionne and Jeep CEO Mike Manley, includes the reintroduction of the Grand Wagoneer, a seven-seat SUV due in the second half of 2018 that Manley says will become the “most premium Jeep we will have ever made”.
An all-new compact SUV will launch in 2016, coinciding with the company’s 75th
The same year will bring a mid-cycle update for the mid-sized Cherokee, which launched in North America last year and arrives in Australian showrooms next month.
A completely new version of the iconic Jeep Wrangler is scheduled for the second quarter of 2017. Manley promises the new model will retain its signature off-road ability while becoming significantly lighter, more aerodynamic and more efficient.
The all-new sub-compact Renegade, which launches in the third quarter of this year in the US and late-2015 in Australia, will also get a refresh in 2017.
Jeep’s top seller in Australia, the large Grand Cherokee, will get an update at the end of next year before an all-new generation launches in the third quarter of 2017.
Jeep and joint venture partner Guangzhou Automobile Group will build the Cherokee, Renegade and Compass/Patriot successor in China, while the latter two will also be built in a new factory in Brazil.
By 2018, it plans to produce one million vehicles in North America, 500,000 in Asia, and 200,000 in both Europe and Latin America.