Automotive News reports that it's appointed investment bank Goldman Sachs to arrange its initial public stock offering set for the fourth quarter of 2011. The US bank advised Fiat in the spin-off of its truck division and is now helping Chrysler refinance its debt as well as arrange its IPO. Fiat has raised its ownership of Chrysler from 20% to 25%. Meanwhile Jeep will relaunch an old name - the Grand Wagoneer — 2013. 'It's time we gave the market an upper-scale Grand Wagoneer,' said Chrysler CEO Sergio Marchionne. 'You'll see it in January 2013.' It'll be a seven-seat
SUV built on a
Grand Cherokee platform.
The Jeep Compass gets a fresh sense of direction. Compact SUVs account for 3 million sales worldwide and more than 350,000 are those are in the US alone. So the 2011 relaunch of the Compass gives the awkward baby Jeep hatch a relatively attractive restyle (if you think in terms of a Subaru Forester being attractive). Worth a closer look tomorrow, as Sergio Marchionne's appearance causes a paparazzi tsunami to wash over the Jeep stag.
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