Unnamed supplier sources told Automotive News that the upcoming Jeep Grand Wagoneer is put on hold even though teaser images were released earlier this year.
Jeep has been planning the release of a new Wagoneer since 2014 and it was meant to be a six-figure Land Rover fighter with three rows of seats. Initially, Jeep planned to launch the Grand Wagoneer in 2018 and then they pushed back the date to 2019. Now, it is said to be on hold and we do not know for how long.
CEO Sergio Marchionne wants to completely erase FCA’s $7 billion net debt before retiring in 2018. In order to do so, some changes will need to be made to the automaker’s North American manufacturing footprint. We’re expecting to see an increase in Jeep and Ram SUVs and pickup production. The company has also spent billions on the Alfa Romeo premium sport brand to design two new models and neither are on sale yet.
But if FCA is trying to generate more income in order to pay off their debt, why put on hold big ticket items like the Grand Wagoneer and redesigned Ram heavy-duty pickup? Both are the two most profitable brands under FCA, but the automaker refused to comment about the delay when asked.
Let us know why you think the Grand Wagoneer is on hold.