Grand Cherokee Making Room for New Crossover
Say goodbye to the Jeep Grand Cherokee–at least in its current, standalone-architecture form.
Both the Detroit News and the Wall Street Journal report today that Chrysler president Tom LaSorda confirms his company will spend almost $2 billion to retool its Jefferson North plant to build a new crossover vehicle.
The $1.8 billion investment will go to develop a new car-based crossover vehicle that will replace the Jeep Grand Cherokee, the Journal quotes LaSorda. The money will go to building a flexible line at the plant and to new tooling, and likely includes development costs for the new vehicle also.
The News adds the vehicle will sport a version of Chrysler’s in-progress Phoenix V-6, for better fuel economy.
The current Grand Cherokee rides on its own unibody architecture. What form the new vehicle will take isn’t clear, or from what car platform it will be derived, but LaSorda says retooling will be complete by the end of next year and the new crossover will be in production early in 2010.
Grand Cherokee Making Room for New Crossover
***Note This page is an Archieve of Publicly released information either through our company or another Press Release organization. We do not "fact check", "Support", nor "Dispute" any of the information provided to us. We are a distribution point and Historical press release research and search service. This information only represents the fact that at one point in time the release was distributed to 1000's of publications both online and off. PRNewsNow will not take sides in any personal or commercial disputes you have with the writer of this press release. We will defend its right to exist blindly and without regards to its political, commercial or personal implications.***
