Jeep may be a brand of yank automobile and also a division of FCA US LLC (formerly Chrysler Group, LLC), an entirely owned subsidiary of the Italian-American corporation Fiat Chrysler Automobiles. Jeep has been a part of Chrysler since 1987, when Chrysler acquired the Jeep brand, along side remaining assets, from its previous owner American Motors Corporation (AMC).
Jeep’s product range consists solely of sport utility vehicle vehicles – both crossovers and fully off-road worthy SUVs and models, including one pickup . Previously, Jeep’s range included other pick-ups, also as small vans, and a couple of roadsters. a number of Jeep’s vehicles—such because the Grand Cherokee—reach into the posh SUV segment, a market segment the 1963 Wagoneer is taken into account to possess started. Jeep sold 1.4 million SUVs globally in 2016, up from 500,000 in 2008, two-thirds of which in North America,and was Fiat-Chrysler’s best selling brand within the U.S. during the primary half 2017.In the U.S. alone, over 2400 dealerships hold franchise rights to sell Jeep-branded vehicles, and if Jeep were spun off into a separate company, it’s estimated to be worth between $22 and $33.5 billion—slightly quite all of FCA (US)