Jeep launches Renegade into fast-growing segment

Sep 18, 2014 1181

Jeep will begin later this month its foray into the market for subcompact SUVs -- the industry's fastest-growing segment -- when it puts on sale the Renegade, the first model born from the coupling of U.S. and Italian engineering at Fiat Chrysler Automobiles (FCA).

"It's the first example of cross-country collaboration," CEO Sergio Marchionne told reporters today at a news conference near Balocco, outside of Turin, Italy, where FCA has a test track. "It's great to see," he said, looking at the boxy SUV with its rounded edges parked nearby. "The damn thing works."

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