Stellantis unveils new Jeep Cherokee as brand tries to shake off sales declines

Stellantis unveils new Jeep Cherokee as brand tries to shake off sales declines


Jeep is rolling out a freshly designed model after six consecutive years of annual sales declines.

The Stellantis automaker unveiled a new Jeep Cherokee on Thursday, the latest move to try to jump-start sales. It’s the first Jeep hybrid system, and the first for Stellantis in North America.

The 2026 Jeep Cherokee redesign aims to evoke the iconic Cherokee SUV brand, which has dotted the company’s history for decades. Jeep had previously discontinued the model in 2023 under Stellantis’ former CEO Carlos Tavares as part of various cost-cutting measures.

Thursday’s model marks the debut of Stellantis’ new 1.6-liter turbo-four hybrid powertrain, with more than 500 miles to a tank of fuel. The car will boast a “technology-filled interior,” according to the company, including Stellantis’ new Connect One services package.

The new model, which the company said is longer, taller and wider than the previous Cherokee, also maximizes its space with 30% more cargo capacity.

“The 2026 Jeep Cherokee is an incredibly capable and competitive midsize SUV that’s ready to reclaim our
territory in North America’s largest vehicle segment,” Jeep CEO Bob Broderdorf said in a statement.

The entry-level 2026 car starts at $36,995, including a $1,995 destination charge. The cars will arrive at dealerships toward the end of this year and the beginning of next year, with production taking place at Stellantis’ Mexico plant.

The 2026 Jeep Cherokee Overland.

Stellantis

The announcement comes as Jeep tries to reinvigorate its sales in what has been a yearslong slump for the brand.

Amid a six-year sales decline for Jeep, Stellantis is also facing headwinds from President Donald Trump’s tariffs, estimating its full-year impact for the company will reach 1.5 billion euros, or $1.74 billion. Stellantis CEO Antonio Filosa, who took over the top job at the automaker earlier this summer, said on a July call with analysts that the company has been working with the Trump administration.

Filosa, who was previously the CEO for Jeep, has long aimed to recover Jeep’s market share through a revitalization of the Cherokee brand.

Stellantis touted a gradual improvement over the coming months in its first-half earnings in July.

“My first weeks as CEO have reconfirmed my strong conviction that we will fix what’s wrong in Stellantis by capitalizing on everything that’s right in Stellantis — starting from the strength, energy and ideas of our people, combined with the great new products we are now bringing to market,” Filosa said in a July statement.

Don’t miss these insights from CNBC PRO



Source

Air traffic controllers, technicians with perfect attendance in shutdown to get ,000 bonuses, FAA says
Business

Air traffic controllers, technicians with perfect attendance in shutdown to get $10,000 bonuses, FAA says

An airplane takes off from New York’s Laguardia Airport after the FAA ordered flight cuts at 40 major airports amid the ongoing U.S. government shutdown in the Queens borough of New York City, U.S., November 7, 2025. Ryan Murphy | Reuters Air traffic controllers and technicians with perfect attendance during the government shutdown will receive […]

Read More
Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,’ analysts say
Business

Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,’ analysts say

The grounding of MD-11 aircraft after the deadly crash of a UPS plane earlier this month could boost air cargo rates during the peak holiday shipping season, with some capacity out of the market, but analysts aren’t expecting a big impact. The Federal Aviation Administration on Nov. 8 prohibited flights of MD-11 planes, less than […]

Read More
Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery
Business

Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery

Paramount Skydance, Comcast and Netflix formally submitted takeover offers for Warner Bros. Discovery this week ahead of a deadline for first round offers, according to people familiar with the matter. Paramount Skydance and its advisors had been weighing in recent days whether to submit a higher bid than its previous $23.50-per-share offer that WBD rejected, […]

Read More