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Marchionne wants to nearly double Jeep sales by 2018

Jeep just keeps breaking its own sales records. A couple of weeks ago, the off-road brand announced its worldwide sales exceeded one million units for the first time, marking its third consecutive global record and the fifth straight year of sales increases here in the US. But FCA isn't about to stop there. TheDetroitBureau.com reports that chief executive Sergio Marchionne, speaking to the media at the Detroit Auto Show, has announced a new sales target for the Jeep division: By 2018, he wants to see Jeep sell 1.9 million units in a single year, nearly doubling its all-time record. The expansion will surely encompass new products, with the all-new Renegade just warming up, a next-generation Wrangler on the way and a reborn Grand Wagoneer in the pipeline, as well. But the focus of FCA's preparations to reach the new target is on production capacity. While it's not clear whether the Toledo, OH plant where half of all the Jeeps sold around the world are currently built will continue to host the next Wrangler, FCA is expanding production overseas. The Renegade is already being built alongside the Fiat 500X in Italy, where another 1,000 workers are being re-hired and where another factory is set to start producing Jeeps, as well. A Renegade-based variant for the South American market will soon be built in Brazil, and by the end of this year, Jeep aims to start local production in China.

Jeep spied testing Hellcat-powered Grand Cherokee Trackhawk

The Jeep Grand Cherokee Trackhawk is coming. We know this, because Mike Manley, the head of Jeep, said so. We showed you this brief spy video a while back, but now we have our clearer images of the Trackhawk undergoing testing. And it looks just like a normal Grand Cherokee SRT. Yeah, anti-climactic, we know. The four shots we have show a bit of camo over the front bumper and grille, likely concealing a tweaked design or visible bits of the 6.2-liter, supercharged V8. It looks like there's a rather substantial opening below the upper grille, almost like a ram-air system. There's also a smidge of what looks like tape on the front wheel arches, although this might not mean much of anything. What's interesting is what isn't here. There's no perceivable change to the back of the car. The exhaust pipes look like they're about the same size, there's no noticeable changes to the aerodynamics, and in fact, there's not even any camouflage. Jeep also hasn't updated the Grand Cherokee Trackhawk's hood, which is somewhat surprising considering the changes for every other Hellcat-equipped vehicle (concepts included). You can check out our earliest look at the Trackhawk up top. As for when this monstrous Grand Cherokee will debut, we're expecting it to arrive sometime in 2017, perhaps on FCA's home turf at the Detroit Auto Show. Related Video:

Fiat Chrysler and Peugeot boards meet to finalize merger

MILAN/PARIS — The boards of Fiat Chrysler Automobiles and Peugeot will meet separately on Tuesday to discuss finalizing an initial agreement for a $50 billion merger to create the world's number four carmaker, sources said. A source close to FCA said the two companies could announce the signing of a binding memorandum early on Wednesday, followed by a conference call to explain further details later in the day. The two mid-sized carmakers announced plans six weeks ago for a tie-up to help them deal with big challenges in the industry, including a global demand downturn and the need to develop costly cleaner cars to meet looming anti-pollution rules. Ahead of the meetings, entities representing the Peugeot family, Etablissements Peugeot Freres (EPF) and FFP, unanimously approved a proposed memorandum of understanding for the planned merger, a source familiar with the situation said. FCA and PSA have said they would seek to finalize a deal by year-end to create a group with 8.7 million in annual vehicle sales. That would put it fourth globally behind Volkswagen, Toyota and the Renault-Nissan alliance. PSA's Carlos Tavares will be chief executive and FCA's John Elkann — the scion of Italy's Agnelli family, which controls FCA through their holding company Exor — chairman of the combined company. The group will include the Fiat, Jeep, Dodge, Ram, Chrysler, Alfa Romeo, Maserati, Peugeot, DS, Opel and Vauxhall brands, allowing it to serve mass and premium passenger car markets as well as those for trucks and light commercial vehicles. Related Video:       Chrysler Dodge Fiat Jeep RAM Citroen Peugeot