1986 Jeep Wagoneer Base Sport Utility 4-door 2.8l V6 on 2040-cars

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Jeep and Ram could be spun off from FCA, says Marchionne

Jeep is surely the biggest single feather left in the cap of the Fiat Chrysler Automobiles portfolio. Under Sergio Marchionne's leadership, Jeep went from fewer than 500,000 annual sales in 2008 to 1.4 million in 2016, and is on track for 2 million by 2018. Add in the brand's legacy, status as one of the most recognizable nameplates in the world, and rabid fan base, and Jeep has extraordinary monetary value to its parent company. Investors and analysts have certainly noticed Jeep's inherent value. According to The Detroit Free Press, Morgan Stanley's Adam Jonas asked FCA chief Sergio Marchionne if he would ever consider spinning Jeep and Ram, FCA's dedicated truck brand, into a separate corporate entity, and he responded with a simple "Yes." Jonas estimated Jeep's worth in January of this year at $22 billion. Ram was valued at $11.2 billion. Marchionne has a history of spinning off brands while keeping them part of FCA's corporate umbrella. The most noteworthy example of this value maximization was with Ferrari, which now trades on the New York Stock Exchange and rakes in $3.4 billion in annual revenue and close to $435 million in net income, reports the Free Press. Marchionne still serves as chairman and CEO of Ferrari, and Fiat heir John Elkann owns 22 percent of the Italian marque's shares. Even if the offloading of Jeep and Ram into a separate entity would amount to little more than a profit-driven ownership change on paper, it would be huge news to the brands' loyal fanbases. In any case, such a move would likely take years to actually happen and probably wouldn't mean much at all to the products that Jeep and Ram produce. In other words, Jeep fans can keep the pitchforks in the shed ... for now. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Jay Leno rides high in Fab Fours Legend

Jeep showcased some pretty awesome concepts at its Easter Safari in Moab a few days ago, but few if any of them were quite as extreme as what's rolled in to Jay Leno's Garage for this latest video installment. It's called the Legend, and it was made by aftermarket bumper manufacturer Fab Fours to demonstrate its capabilities. It's obviously based on the Jeep Wrangler, but it's riding high on 50-inch tires with a jacked-up monster truck suspension, giant fenders, a chopped-down red-tinted greenhouse and something its creators call a "grumper" that integrates the bumper into the grille. Or vice versa. Though most of the oily bits have carried over from the production model, it's hardly what you'd call "practical," but it's sure to turn a lot of heads... even one as massive as Jay's. Related Video:

2019 Jeep Cherokee revealed with new, more conservative look

Just as it did with the new Wrangler, Jeep is showing off images of a new product before its debut. In this case it's the 2019 Jeep Cherokee. Jeep hasn't released all the details on it, but we can see a number of exterior changes from the official images. The biggest change is one we've been expecting: the merging of the current Cherokee's split headlights into single units on each side. The result is a more conventional nose that has a closer familial resemblance to other Jeeps such as the Compass and Grand Cherokee. The rest of the front bumper and grille also look a bit softer and rounder, but there's still a hint of the wedge-y pointy look of the previous generation that helps keep the crossover immediately identifiable as a Cherokee. The other major change is at the rear. The big slab of a rear hatch is broken up now with the license plate mounting position, which makes the tail look much less bulky. Naturally the bumper was also redesigned with a faux skid plate to fill up the space left by the license plate. As for the middle of the crossover and the interior, there are no noticeable changes. Jeep hasn't revealed anything other than these images, so we'll have to wait until the full debut in January to find out about any mechanical changes. Jeep's press release does hint at more efficient powertrain options, so there could be some updates to the transmissions or engines. Related Video: Featured Gallery 2019 Jeep Cherokee Image Credit: Jeep Detroit Auto Show Jeep Crossover SUV