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post #11 of 230 (permalink) Old 11-05-2009, 09:36 PM Thread Starter
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Repay TARP by 2014

Chrysler Unveils Five-Year Plan, to Repay TARP by 2014

Just months after exiting a government-assisted bankruptcy, Chrysler Group LLC, the smallest of the Big Three U.S. automakers, said it will break even by 2010 and will pay back its TARP loan in full by 2014.

Italian automaker Fiat S.p.A. has majority control of Chrysler, and CEO Sergio Marchionne—who led a similar turnaround at his company earlier this decade—will lead the transformation at Chrysler.

“Fundamentally, this thing needs to earn its right to survive as a competitive American carmaker,” Marchionne said at a Nov. 4 conference at Auburn Hills, Michigan, to present Chrysler’s business plan, as published on its Web site.

“That is the real target,” he continued.

For the first time since its bankruptcy, Chrysler unveiled its five-year rebuilding plan to the public. Marchionne, who has the blessing of the U.S. and Canadian governments and the United Auto Workers union, has grand plans for the company, including doubling sales by 2014.

In his presentation, Chief Financial Officer Richard Palmer projects that sales will more than double from 1.3 million vehicles sold in 2009 to more than 2.8 million vehicles sold by 2014 across all regions, according to a presentation provided by Chrysler.

The company also targets U.S. market share growth from less than 9 percent this year to more than 13 percent by 2014. Palmer said that Chrysler plans to break even operationally in 2010, and plans to spend more than $23 billion in research and development to develop new cars and automotive technologies over the next five years, including refreshing 75 percent of the company’s models.

Chrysler hopes the spending will boost its image and rapport with consumers—many of the company’s Chrysler and Jeep models need new designs. Marchionne conceded at the conference that Chrysler’s silence during the months after its bankruptcy has hurt its market share and sales—which last month were almost 40 percent below last year’s.

But not all stakeholders agree with the company’s assessment. In a recent report on TARP, the U.S. Government Accountability Office said the “Treasury is unlikely to recover the entirety of its investment in Chrysler or GM, given that the companies' values would have to grow substantially above what they have been in the past.” The Treasury currently holds a 9.85 percent stake in the company, and is closely monitoring Chrysler’s finances and personnel movements.

Last Updated
Nov 5, 2009

Article Link:Epoch Times - Chrysler Unveils Five-Year Plan, to Repay TARP by 2014

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post #12 of 230 (permalink) Old 11-05-2009, 11:34 PM Thread Starter
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Belvidere Mayor Reacts to Chrysler 5 Year Plan

Belvidere Mayor Reacts to Chrysler 5 Year Plan

Thursday, Nov 5, 2009

"It was seven hours of intense documentation" says Belvidere Mayor Fred Brereton.

Mayor Brereton is still digesting all the information from his visit to Chrysler headquarters.

That’s where the five year plan for the automaker was announced.

"If Chrysler is successful with their work plan as laid out yesterday they're going to be a very powerful company in the United States" says Brereton.

One of the components of the plan is remodeling the dodge caliber, and the jeep patriot and compass.

All three of those are made at the Belvidere plant.

"They’re going to start with improvement to existing vehicles that shows a level of importance we have here" says Mark Williams, Executive Director of Growth Dimensions.

But some of the improvements will only last a couple years because the company plans on discontinuing all three models by 2012.

"There are no guarantees on anything and even if you have a five year plan that doesn't guarantee what you'll be doing in twelve months but it does establish your objective" says Brereton.

The current three Chrysler models will be replaced with fiat products that are under development.

And unlike before, Brereton says the company will now build based on demand and have no more then a 60 day supply.

"We can only for the best hope the local economy support the automobile industry and hope the United States will support the automobile industry" says Brereton.


LINK:Belvidere Mayor Reacts to Chrysler 5 Year Plan

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post #13 of 230 (permalink) Old 11-06-2009, 06:56 PM Thread Starter
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Chrysler plans for 400+ hp V6

Chrysler plans for 400+ hp V6


November 6th, 2009

By 2014, Chrysler could have a V6 engine pushing out over 400 horsepower, according to charts in the five year plan. A three-liter version of the Pentastar V6 with dual turbochargers is charted out in the plan at around 425 horsepower, the same as the old 426 Hemi V8 and similar to the current 6.1 liter Hemi V8. While the 6.4 liter Hemi V8 would push out more horsepower, the V6 would, even with a single turbocharger, match the 5.7 liter Hemi V8. Torque has not been discussed.

The Pentastar V6 was designed to have variable cam timing and direct injection. It will debut (without direct injection) on the Jeep Grand Cherokee around May 2010. The higher-horsepower varieties discussed in the plan would include MultiAir and would be released by or in 2014. Before then, the Pentastar would have replaced all other Chrysler V6 engines.

A turbocharged version of the World Engine with direct injection also appears on the chart putting out around 300 horsepower, more than the standard 3.3 or 3.6 liter Pentastar V6. Fiat’s 1.4 liter engines were shown at a respectable 150 horsepower with turbocharging, 100 hp without. Chrysler has already sold a turbocharged version of the World Engine, in the Caliber SRT4.



LINK: Chrysler plans for 400+ hp V6 | Allpar Chrysler, Dodge, and Jeep News

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Chrysler: Cash has grown by 2B!

November 6, 2009

Chrysler to overhaul lineup


AUBURN HILLS, Mich. -- Chrysler plans to overhaul its cars with technology from its new Italian partner, Fiat SpA, and says it has the cash to pay for it, helped by the U.S. government and lower costs.

CEO Sergio Marchionne, who also runs Fiat, began unveiling Chrysler's new five-year business plan on Wednesday. The plan includes new vehicles for the Chrysler, Jeep, Dodge and Ram brands, most based on Fiat's more efficient transmissions and small engines.

He said the troubled company's cash has grown by nearly $2 billion since it exited bankruptcy protection in June, and its operations broke even in September because of savings from job cuts and factory closings by the prior owner and through combining Chrysler and Fiat's operations.

But future growth hinges on offering better cars. The company's mid-sized sedans, the Dodge Avenger and Chrysler Sebring, along with many other models, have flopped. Chrysler said it will update these cars to make them more comfortable and quieter, then replace them in 2012 with Fiat designs. That could make Chrysler competitive in the largest part of the U.S. car market.

Besides the midsize car, Chrysler will introduce four new Dodges by 2013. They include a seven-passenger crossover vehicle, a mini-car and a compact.

Ralph Gilles, the company's chief designer, said the Dodge brand will have crisp handling, be quieter, more fuel-efficient and have more luxurious interiors.

Updated lineup

The Chrysler brand also will get six new vehicles, including a Fiat small car and a new mid-size crossover in 2013. The automaker is also considering adding a mid-size pickup to its Ram truck lineup.

The company plans to lower sticker prices to boost sales and generate more cash as it fixes its struggling lineup.

Doug Betts, senior vice president of quality, said that work is under way to tackle quality problems, too.

"We get it," he said. "We're not in denial related to the public record for quality for Chrysler."

Aaron Bragman, an auto analyst with IHS Global Insight, said there were many questions remaining, including what the vehicles will look like and how Chrysler will pay for such a major turnaround. Marchionne has said Fiat wouldn't contribute any of its own money to Chrysler.

"I want to see if the vehicles they'll be producing two years from now are going to resonate," Bragman said.

It will be tough to win back car buyers, who are skeptical of Chrysler's quality. The automaker's sales are down sharply this year as buyers flee to other brands and a weak U.S. economy curbs demand for autos. Chrysler lost upward of $8 billion last year and would have run out of cash without government help.

Marchionne's Fiat, which now owns 20 percent of Chrysler with an opportunity for more, was put in charge of rescuing the 84-year-old automaker by the U.S. government, which so far has provided roughly $15 billion in aid.

Chrysler is also depending on a recovery in U.S. sales and a jump in market share. It expects auto industry sales of 10.5 million vehicles in 2010 to rise to 14.5 million in 2014, and that its share can jump from 9 percent this year to 13 percent in 2014. It also expects its global sales to more than double to 2.8 million in 2014 from 1.3 million this year.

Chief Financial Officer Richard Palmer said the company aims to pay back government loans by the end of 2014.

He also expects Chrysler to break even in 2010 and report an operating profit of $5 billion in 2014.

Chrysler's had $5.7 billion in cash at the end of September, up $1.7 billion since June. As recently as December, though, the automaker was practically out of cash.

Joe Veltri, Chrysler's product development chief, said he has a lot more funding to revamp products and create new ones. Chrysler can go to a cupboard of Fiat technology to develop new products, a vast difference from Chrysler's prior owner, Cerberus Capital Management LP, which was not a manufacturer but a private equity firm.

"We have far more tools to work with," he said.

Additional Facts
A CLOSER LOOK


# Chrysler is depending on a recovery in U.S. sales and a jump in market share.

# It expects auto industry sales of 10.5 million vehicles in 2010 to rise to 14.5 million in 2014, and that its share can jump from 9 percent this year to 13 percent in 2014. It also expects its global sales to more than double to 2.8 million in 2014 from 1.3 million this year.

# Chief Financial Officer Richard Palmer said the company aims to pay back government loans by the end of 2014 and also expects Chrysler to break even in 2010 and report an operating profit of $5 billion in 2014.

# Chrysler's had $5.7 billion in cash at the end of September, up $1.7 billion since June. As recently as December, though, the automaker was practically out of cash.

LINK:Chrysler to overhaul lineup | rgj.com | The Reno Gazette-Journal

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post #15 of 230 (permalink) Old 05-23-2012, 12:53 PM Thread Starter
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Marchionne Interview Reveals Product Bonanza For Chrysler, Fiat, Dodge And Alfa. Lancia Is SOL.
May 23, 2012



An interview in July’s Automobile magazine has Sergio Marchionne putting to rest a number of future product plans for Chrysler, among them, the definitive fate of the minivan.

Speculation has been brewing over which of the current minivan twins will live on, and which will be come a crossover. Sergio himself claims that “the owner of the minivan is Dodge”, and that the new Grand Caravan will be a more exciting vehicle, despite retaining the classic minivan features. The Town & Country will become a Mercedes R-Class type vehicle that will be more European luxury than updated Chrysler Pacifica. A range of 4-cylinder and V6 engines as well as front and all-wheel drive will be available for both vehicles when they launch around 2015.

The next Chrysler 200 will be based on the same architecture as the Dodge Dart (i.e. the Alfa Giulietta platform) and be sized roughly in line with the Audi A4. A sedan, coupe and convertible will all be available, with 4 and 6-cylinder options. Chrysler will continue to provide vehicles for Lancia, but the brand’s future seems dim, with Marchionne expressing little interest in investing resources into Lancia. The Chrysler 100 hatch will take a while to appear – Automobile cites a launch date of 2016, which seems like far too long.

Jeep is considered by Marchionne to be one of the two “global brands” (along with Alfa Romeo), and Marchionne says that all future products will have a Trail Rated version. The new Liberty, based on the Giulietta architecture, will launch in Detroit next year, with a host of other products to follow. Am
ong them are a new “Jeepster” (a subcompact with an Alfa version), a new Compass and a full-size SUV dubbed the “Grand Wagoneer”.

Dodge will lose the Durango, Avenger and Caliber as Marchionne seeks to trim the brand lineups to around 5 vehicles each, while Fiat will continue along with a 500-based lineup, including a 500 Zagato, 500L, 500XL (presumably the 7-seat version) and the 500X crossover, similar to the Mini Countryman. And finally, Marchionne says more is coming from SRT. The article doesn’t quote him on anything, but suggests SRT versions of the Dart, Journey and a possible SRT Barracuda that could also give way to a new Alfa sedan using the same platform. Marchionne did stress that the Dodge muscle cars need to evolve, rather than re-invent themselves. As far as accuracy goes, the article more or less confirmed the MX-5 based Alfa Spider, and was presumably written long before the announcement was made. Hopefully the rest is just as accurate.


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Chrysler set to kill Compass and Town & Country

05/28/2012


Quote:
The Jeep Compass and Chrysler Town & Country will cease to exist in 2014, Fiat-Chrysler CEO Sergio Marchionne announced. The Town & Country will actually be replaced by a smaller crossover-type vehicle.

The changes are part of a long effort by Marchionne to give each Chrysler Group brand a more distinct identity and save a considerable amount of money by eliminating product overlaps.


Quote:
More than 90% of the automaker's dealerships now sell all four volume brands – Chrysler, Dodge, Jeep, and Ram – making brand identity a crucial strategic element.

Under its sheetmetal, the Compass is basically identical to the Jeep Patriot, while the Town & Country is nothing more than a premium version of the Dodge Grand Caravan. The replacement crossover may retain the Town & Country name, however.

While Marchionne has axed a number of vehicles since taking over in 2009, he has also added three separate brands to the North American landscape including Ram, Fiat, and SRT.

In other news, the CEO reaffirmed that an electric version of the Fiat 500 subcompact is heading to our shores later this year even though Chrysler "will lose money on every car we make."


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Chrysler’s Future U.S. Product Plan: Journey SRT6 Confirmed, Dodge Durango Dies


June 1 2012


There have been many changes in Chrysler’s product portfolio since its 2009 bankruptcy, and plenty of news about what’s coming to Chrysler showrooms over the next few years has made headlines in the past few weeks. Lucky for us, our own Georg Kacher got the full low-down from Fiat-Chrysler CEO Sergio Marchionne himself in the July 2012 issue of Automobile Magazine.

Expect to see no less than four new products from each of the Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati, and SRT brands for sale in the U.S. in the next five years. Yes, that’s correct, Marchionne is definitely sure that Alfa will make its triumphant return to North American shores next year and that Maserati will be able to make its 50,000-unit-per-year sales goal.

Other notable product changes include the transition of the Chrysler Town & Country from a minivan into a crossover, a six-cylinder Dodge Journey SRT, an all-new Alfa Spider to be twinned with the next Mazda Miata, and the death of the Dodge Durango in 2016 and Avenger in 2014. Take a look below for a peek into Fiat and Chrysler’s crystal ball.

Alfa Romeo

MiTo replacement (2013)
New four-door hatchback replaces two-door model, based on bigger B-wide platform

4C Coupe (2013) and 4C Spyder (2014)
Removable roof panel
Mid-engine

Small crossover (2014)
U.S.-built crossover, related to Fiat crossover and new Jeep Patriot
I-4 only

Giulietta (2014)
Second-generation of Alfa’s compact hatchback

Giulia and Giulia Sportwagon (2014)
Based on C/D architecture, has potential for coupe spin-off
Spider (TBD)

Derived from RWD components set provided by Mazda

Chrysler

100 (due calendar year 2016)

Dodge Dart-sized, probably Giulietta-based, premium entry-level hatchback
FWD, I-4 only

200 (2013)
Audi A4-size, sedan/coupe/convertible
FWD and AWD, I-4 and V-6
No Dodge Avenger model

300 (2017)
Full-size premium sedan
RWD and AWD, V-6 and V-8

Town & Country (2015)
Near-full-size high-roof crossover (like Mercedes-Benz R-Class), new platform
FWD and AWD, I-4 and V-6

Dodge

Dart (2012)
New entry, Giulietta-based sedan
FWD, I-4 only
Sporty Dart SRT4 model

Charger (2016)
Four-door sedan, same platform as Chrysler 300
RWD and AWD, V-6 and V-8

Challenger (2014)
Two-door coupe, same DNA as Chrysler 300
May switch to SRT brand

Journey (2013)
Sporty five-door crossover, new platform
FWD and AWD, I-4 and V-6
Sporty Journey SRT6 model

Grand Caravan (2015)
Sporty full-size minivan, new platform
FWD and AWD, I-4 and V-6

Fiat

500C Abarth (2012)

500L (2013)

500XL (2013)
Seven-seat version of the 500L

500X Fouristrada (2013)
500-based crossover, twinned with Jeep Jeepster

500 Zagato (2013)
500 coupe based on 2011 Geneva concept car

500 Elettra EV (2014)

Jeep

Jeepster (2014)
Italian-built subcompact SUV, twinned with Fiat 500X
FWD and AWD, I-4 only

Patriot (2014)
U.S.-built compact SUV, twinned with Alfa crossover
FWD and AWD, I-4 only

Previous Jeep Compass and Patriot replaced by one model
Liberty (2013)

New-generation midsize SUV, to use modified CUSW platform from Dodge Dart RWD and AWD, I-4 and V-6

Grand Cherokee (2016)
New-generation full-size SUV
RWD and AWD, V-6 and V-8

No Dodge Durango model

Grand Wagoneer (2014)
Full-size SUV, based on Grand Cherokee (in lieu of Dodge Durango)
AWD only, V-6 and V-8

Wrangler (TBD)
Iconic hard-core SUV, two- and four-door, short and long wheelbases

Maserati

Quattroporte (2013)
Luxury sedan, based on heavily reworked RWD/AWD architecture
V-8 only

Maseratina (2013)
Smaller sport sedan, same underpinnings as Quattorporte
V-6 and V-8

Kubang (2014)
Top-notch SUV derived from Jeep Grand Cherokee
V-6 and V-8

GranTurismo/GranCabrio (2015/2017)
Upmarket sports cars sharing DNA with Quattroporte
V-6 and V-8

SRT

Viper (2013)
Grand Cherokee SRT8
Challenger SRT8
Dart SRT4
Journey SRT6


Read more: Chrysler's Future U.S. Product Plan: Journey SRT6 Confirmed, Dodge Durango Dies - Rumor Central

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Chrysler’s next-gen vehicles will be wind-crafted

1 June 2012



The next generation of Chrysler cars may not look like a rendition of a car by a four year old, like the one pictured above. The new cars could be much sleeker.

Design Chief Ralph Giles said that vehicles such as the Audi A7 and the newly redesigned Toyota Avalon are proof that mid-sized sedans can have aerodynamic designs of a sports car. Which means that the design team will be spending most of the time in the wind tunnel in order to pen a more wind-slicing vehicle.

Giles said, “We’ll have no choice but to be some of the most wind-swept vehicles that you’ve ever seen.” The team spends between 200 to 300 hours in the wind tunnel to analyze the aerodynamics during the design process. Previously, they would only spend around 100 hours in the tunnel.

So, the new vehicles will have a more sculptured look. This wind of change might just be what Chrysler needs to revolutionise the brand.


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Marchionne Reveals Future North American Product Plans for Chrysler, Fiat, Alfa-Romeo
June 2 2012 5:00 PM





The Chrysler Group’s turnaround since emerging from bankruptcy in 2009 has been nothing short of remarkable. The first step of the triage process was to apply massive improvements to the current product lineup in the form of much-improved interior design and materials, and new and improved power trains. The Dodge Dart compact is the first complete product from the Fiat-Chrysler marriage, and the first of many to come. In a summary extract from an upcoming feature in its July issue, Automobile magazine shares a few tantalizing tidbits about the company’s future product plans.

Many of the details have already been discussed or rumored, but some surprises include the discontinuation of the Dodge Durango in favor of a revived Jeep Grand Wagoneer, which will carry on the role of a three-row SUV in the company’s lineup, as well as the end of the line for the Dodge Avenger sedan, in favor of a next-generation Chrysler 200. To round out the product offerings in the combined corporate Chrysler Group showrooms, Chrysler will also get a 100 hatchback model close in size to the Dodge Dart, likely also sharing a platform with the Alfa-Romeo Giulietta.

Much to the delight of compact enthusiasts everywhere, we also get confirmation of an SRT4 version of the new Dart compact sedan, and the surprise announcement of a possible SRT6 version of the Journey midsize crossover. The Fiat 500 family will grow exponentially with the addition of the L crossover model, as well as an 500 XL seven-seat model, the 500 X Fouristrada, a platform mate of the forthcoming Jeep Jeepster, as well as a 500 Zagato, a coupe model based on the concept car shown at the 2011 Geneva show.

Finally, we get a confirmation of the full-fledged return of Alfa Romeo to the U.S. market in calendar 2013, with six models. Among the highlights for the new Alfa line is a new MiTo, this time as a four-door model, the 4C Coupe and Spyder, a crossover related to the aforementioned fiat 500 X and Jeepster, a next-generation Giulietta, a Giulia sedan and sportwagon, and the recently-announced Spider to be co-developed with Mazda. Maserati will also get an SUV based on the Jeep Grand Cherokee, which may not be called the Kubang, as well as a sedan smaller than the Quattroporte, reportedly named the Maseratina.

Not (yet) revealed in the extract was the rumor of a revived Barracuda under the SRT brand, as we reported in our April Issue. The extract claims the Challenger will carry on in 2014, still sharing a platform with the 300 and Charger, as does the current Challenger. This opens up the possibility of the Challenger and Barracuda being sold concurrently, giving Chrysler two muscle cars among its offerings, a larger coupe cruiser in the form of the Challenger, and a presumably smaller, more performance-focused Barracuda, which is rumored to carry a 6.2-liter supercharged Hemi V-8, among its engine offerings.


Read more: Marchionne Reveals Future North American Product Plans for Chrysler, Fiat, Alfa-Romeo - WOT on Motor Trend

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Chrysler planning 4 new Jeep models by 2014, all new lineup by 2016

06/07/2012

During a discussion with Automobile Magazine, Sergio Marchionne explained that the Jeep brand will benefit from 4 new models by 2014 with the entire lineup likely being replenished between now and 2016.

We brought you the news earlier this week that the Jeep Grand Cherokee would enter a new generation in 2016 but before the new top of the line Jeep arrives in 2016; the other models currently in the Jeep lineup will be revamped and a pair of new models will be introduced.

The first revamped model will be the midsized Jeep Liberty, which will be built on a modified version of the Compact US Wide platform (CUSW) that currently underpins the 2013 Dodge Dart. The new Liberty is expected to arrive sometime next year with the option of rear- or all-wheel drive and the buyers’ choice of an inline 4 or V6 engine. This is one vehicle that Chrysler has not been subtle about so it comes as no surprise.

Next, for 2014 there could be three new Jeeps with one revamped model in the new Patriot and two new models, including the new Jeepster and the new Grand Wagoneer.

The new Jeep Patriot arriving for 2014 will effectively replace both the current Patriot and the current Jeep Compass as the only compact SUV in the lineup. This new ute will be built in the USA with an inline-4 engine with either front wheel drive or all wheel drive and if we had to guess; we would expect to see a manual and automatic transmission although the automatic could be a new dual clutch unit. There will likely also be an Alfa Romeo model based closely on the next generation Patriot.

Next, the new Jeep Jeepster will be a subcompact crossover utility vehicle built in Italy and sharing a great deal of architecture with the upcoming Fiat 500X Fouristrada. The Jeepster will likely be available with either front wheel drive or all wheel drive while the power is provided by a compact Fiat-sourced 4-cylinder engine.

The last addition for 2014 is the new Jeep Grand Wagoneer – a full size SUV based on the new Grand Cherokee. Since the next generation Grand Cherokee isn’t expected to arrive until 2016, the 2014 (or 2015) Grand Wagoneer could be based on the current platform but we can expect this new model to be larger – with more seating and cargo room. The Grand Wagoneer will be powered by both V6 and V8 engine options, presumably from the Pentastar and Hemi engine families. According to Automobile Magazine, the Grand Wagoneer will be offered only with all wheel drive so this could be more of a premium model with a price ranging above that of the Grand Cherokee.

Finally, in addition to the new Jeep Grand Cherokee in 2016, the Chrysler Group plans to freshen up the Jeep Wrangler but the timing for that new model has not yet been announced. Considering that the rest of the recently announced plans end in 2017, we would expect that the Wrangler would receive its redesign somewhere around 2015. When the new Wrangler arrives, it will still be offered in two and four door variants with long and short wheelbase options.

By the time that all of these new/revamped models have hit Jeep dealerships around the country in 2016, the Trail Rated brand should have the most diverse collection of SUVs in the American market.

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