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When did Dodge buy Jeep?
I was talking to a coworker the other day about who owns the Jeep brand and it’s Dodge, right? Did Dodge buy Jeep at some point, or am I misremembering things—when did Dodge buy Jeep?
Andrew Biro · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question, although technically Dodge never actually bought Jeep—Chrysler, Dodge’s parent company, did. Chrysler purchased the Jeep brand as part of a package deal when they bought the entire American Motors Corporation (AMC) for $1.5 billion in 1987.
After this sale,
Chrysler
would go on to produce Jeep vehicles until 1998, at which point they merged with Daimler-Benz and became the DaimlerChrysler AG.After years of declining sales, DaimlerChrysler AG sold Chrysler to Cerberus Capital Management (CCM)—a private equity firm—in 2007. CCM would own Chrysler until 2009, the year the firm went bankrupt.
The future of Chrysler—and by extension, Jeep—would hang in limbo until
Fiat
bought and merged with the company on January 21st of 2014, forming Fiat Chrysler Automobiles (FCA).Nowadays, Jeep is owned by Stellantis, a global automotive company that was created in 2021 when the FCA and the Peugeot S.A. (PSA) Group merged.
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