Automotive Description: Jeep

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Detroit's Big 3 Post Higher Sales in July on Demand for Crossovers and Light Trucks

General Motors, Ford and Chrysler have all announced higher sales in July compared to the same month of 2010. GM reported today that its sales increased by 8% compared to July 2010. Passenger car sales rose by 8% and deliveries of crossovers by 20%.

It’s the same story over at Ford, with car sales increasing by 3 percent and light trucks by 12% for a total increase of 6%, as well as for Chrysler, which saw its July sales rise by 20% thanks to a new range of models and a 46% increase in Jeep deliveries.

Rumors: Maserati to Show Jeep-Based SUV Concept in Frankfurt, Preparing Chrysler-Based Sports Sedans

The Fiat Group is getting ready to take its alliance with Chrysler to the next level with the presentation of three new models including an SUV and two luxury sports sedans, all using key technology and components from the Chrysler Group's lineup, according to a report from Autonews.

First up is the long-rumored Maserati SUV model, which is said to be previewed by a concept study (not to be confused with the independent design rendering by Andrey Trofimchuk that is pictured in this article) at the upcoming 2011 Frankfurt Motor Show in September, before landing in showrooms in 2013.

Shocker! Chrysler Bringing Home More Bacon than Fiat...

Two years ago, Chrysler was saved from oblivion when the federal government provided a $15 billion bailout and orchestrated a rescue plan that gave the Fiat Group the management control of the company.

Last week, the Italian automaker raised its share in Chrysler beyond 50% for the first time, to 53.5%.So Fiat saved Chrysler in 2009, right? Well, yes, but 2011 is another story altogether.

You see, Chrysler’s US sales increased by 21% in the first six months of the year, whereas Fiat’s European deliveries dropped 12.7% in the same period. But that's only half the story. With the exception of the Maserati and Ferrari brands, the Chrysler Group will contribute to the alliance €155 million for June alone, while Fiat €175 million for the past three months.

Fiat Completes Purchase of Chrysler from U.S. and Canadian Governments, US Taxpayers Lose $1.3 Billion

The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States Department of the Treasury for a price of US$ 500 million.

After acquiring the shares in the two separate deals, the Fiat Group now controls a 53.5% fully diluted equity interest in Chrysler LLC.

Upon the completion of the deal, U.S. Assistant Secretary for Financial Stability Tim Massad released this statement:

“With today's closing, the US government has exited its investment in Chrysler at least six years earlier than expected. This is a major accomplishment and further evidence of the success of the Administration’s actions to assist the US auto industry, which helped save a million jobs during the worst economic crisis since the Great Depression.”

Chrysler Surpasses Ford as Canada’s Biggest Seller of Light Trucks

Canada’s economy seems unaffected by most of the Western World’s woes, where markets are struggling and unemployment is booming. In fact, Canada’s economy is growing and as a result, unemployment is falling and people are getting jobs. Therefore, they have money to buy cars, or light trucks, pickups and SUVs. Read more »

Chrysler Announces Prices on New 2012 SRT8 Models Including the 300, Charger, Grand Cherokee and Challenger

The Chrysler Group’s newly formed Street and Racing Technology (SRT) brand has released pricing on its latest crop of models, which include the 2012 Chrysler 300 SRT8, the 2012 Dodge Charger SRT8, the 2012 Dodge Challenger SRT8 392 and the 2012 Jeep Grand Cherokee SRT8.

Prices together with an $825 destination fee start at $47,995 for the Chrysler 300 SRT8, $46,660 for the Dodge Charger SRT8, $44,077 for the Challenger SRT8 and $55,295 for the Jeep Grand Cherokee SRT8.

All four SRT8 models are powered by the Chrysler Group’s new 6.4-liter HEMI V8 with Fuel Saver Technology that cranks out 470 horsepower (351kW) and 470 lb-ft (637Nm) of peak torque (465 lb.-ft. / 630 Nm in the Grand Cherokee SRT8).

Video: Watch the Mopar Team Turn a Jeep Wrangler into a Pickup Truck

As well as announcing the U.S. market launch of the JK-8 kit that carries a $5,499 sticker, Chrysler’s Mopar division also released a new time-lapse video that shows us a team of workers turning a four-door Jeep Wrangler Unlimited into a pickup truck with a small bed at the back.

According to Mopar Performance Team engineer, Steve Houtman, it took the four-man crew (or at least that’s our count of the number of people seen working on the Jeep) about an hour to complete the transformation using the JK-8 kit. Watch them in action for yourself in the clip after the break.

Jeep Prices New JK-8 Kit to Transform Wrangler Unlimited to a Pickup Truck at $5,499

Those of you that fancy turning your four-door Jeep Wrangler Unlimited into a two-door pickup truck will be happy to know that the firm’s much-talked about JK-8 Kit is available for order now through Mopar at Chrysler, Jeep, Dodge and Ram dealerships, with pricing set at $5,499.

However, Jeep does note that the JK-8 kit, which comes with a three-year/36,000-mile warranty, is for “skilled do-it-yourselfers”. For the less handy amongst us, the company said that the kit may be purchased and installed at a Chrysler, Jeep, Dodge or Ram dealership.

New Jeep Grand Cherokee Lands in the UK, Available Exclusively with 3.0 V6 Diesel

Jeep claims that it has created the premium SUV market almost 20 years ago with the first generation of the Grand Cherokee (though Mercedes’ M-Class may actually have a better claim on the word “premium”, but whatever…). We’ve already seen the latest iteration of Jeep’s iconic 4x4, and we must admit that, on paper at least, it looks like a significant leap forward from its predecessors. Read more »

Chrysler Seeks Fiat Synergies to Produce Cars in China

China is the world’s largest car market: last year alone, more than 18 million vehicles were sold there, of which 13.76 million were passenger cars. Furthermore, analysts McKinsey & Company predict that it will grow tenfold between 2005 and 2030.

Do you want to know Chrysler’s share in this massive car market? A measly 31,000 in 2010 and a projection for just 40,000 in 2011. Therefore, it is only natural that the American carmaker is looking for ways to increase its share in this rapidly expanding market.

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