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FCA Halts Development Of New Trucks, Jeep Grand Wagoneer

FCA Halts Development Of New Trucks, Jeep Grand Wagoneer

Recent speculation about Fiat-Chrysler halting development of certain new products has gained some traction. Automotive News is reporting that its sources have confirmed that FCA has delayed plans for an all-new heavy duty Ram pickup and hit the pause button on development of the highly anticipated Jeep Grand Wagoneer.

Originally the company was planning to launch a completely new Ram Heavy Duty in 2018, based on the company’s new DT truck platform. Instead, sources are now saying that FCA will instead just offer a refresh of the Ram Heavy Duty on the current DS platform, which has been around since 2010.

Additionally, supplier sources are now saying FCA has put development of the Jeep Grand Wagoneer on hold. If that is the case, this would be a significant development for a very anticipated, likely profitable, product for the Jeep brand. With three rows of seats and high-end finishes, the Grand Wagoneer was allegedly going to have a six-figure price tag.

The news of additional product delays out of FCA is unsurprising. Back in 2014 the company rolled out a comprehensive business plan, outlining product launches for several years. Since then the company has significantly modified its product plans, and delays have plagued nearly every FCA product since. It is worth noting that the 2014 business plan included all-new heavy duty Rams in 2018.

At this time it is unknown why FCA has taken these actions with the Ram and Grand Wagoneer. The company is under pressure to erase about $7 billion in debt that was logged in the third quarter results. CEO Sergio Marchionne has said he plans to retire in 2018 and would like to leave the company on a solid financial footing.

Halting or delaying product programs will likely save FCA cash and potentially aid in their ability to pay down their debt load. Unfortunately for dealers, this will mean the Ram Heavy Duty may not be as competitive against all-new competition and Jeep fans are probably a little less than thrilled with the news on the Grand Wagoneer.

It is not yet clear if FCA has any plans associated with when it will restart development of Grand Wagoneer.





 

About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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  1. nsaporito
    Andrew_L
    I think it's safe to say this is financial driven and now I can't even imagine who would want to "merge" with them. I have a feeling China will swoop by in the near future.


    Their debt load is certainly not ideal, but it isn't to the point of being unmanageable either (assuming macroeconomic conditions don't tank). What is more alarming is that their most recent earnings report was fairly vague, such as not having GAAP figures in it...

    It makes one wonder what is hiding.
    Andrew_L
    germeezy1
    This certainly does not bode well if true. Perhaps the incessant merger talks spoke of a significantly weakened FCA financially?


    I think it's safe to say this is financial driven and now I can't even imagine who would want to "merge" with them. I have a feeling China will swoop by in the near future.
    germeezy1
    This certainly does not bode well if true. Perhaps the incessant merger talks spoke of a significantly weakened FCA financially?
    2b2
    ^&^^

    anyone else ever hear the theory that the Jeep brand is CURSED?

    and will put any mfg that owns them Out-Of-Business??

    Dequindre
    OK Sergio, enough with this crap. Quit sucking Chrysler dry and kill off some of your mediocre Italian brands (Fiat, Maserati, and Alfa would all be candidates on that front).


    s'funny/darn-peculier that my old rant for Mopar was to use their heritage brand names as individual MODELS



    now

    I'm thinking (at least for the U.S), One Fiat, One Maserati, & One Alfa could make a nice Brand-let ... only problem is NO One (supposedly) wants anything but Cuvs...

    :facepalm:
    Dequindre
    arutherford
    So at what point do GM and Ford start angling to get Jeep?


    I'm really hoping that Ford or GM can buy FCA and bring some actual credibility back to those brands. Ford only owns two brands at the moment (three if you count Troller), so it might be able to work under the Ford umbrella. Ford could kill off the Fiat brand and simply sell current Fiats as Fords.
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