DETROIT -- Chrysler Group will unveil plans this week to produce its first Fiat-based Jeep.
CEO Sergio Marchionne is scheduled to visit the Toledo North assembly plant in Ohio on Wednesday, Nov. 16, to reveal plans to replace the Jeep Liberty with a redesigned vehicle based on a mid-sized Fiat platform called CUSW.
In filings with state and local governments, Chrysler said it planned to invest at least $365 million in the 10-year-old plant and add 1,105 jobs there to produce the Liberty's successor.
Toledo North, which assembles the Liberty, is the automaker's only assembly plant still operating on a single shift. The announcement will come just before Chrysler ends production of the Liberty's line mate, the Dodge Nitro, in December.
Rumors are circulating that the redesigned Liberty may be called the Cherokee, but Chrysler is mum on the topic. The Cherokee name was dropped in the United States in 2001 but retained in overseas markets.
Earlier this year, Marchionne called the Liberty-Nitro combination "the most significant hole in our product portfolio," as sales significantly lagged competitors such as the Ford Escape and Honda CR-V.
The CUSW platform is expected to underpin as many as eight future Chrysler, Dodge and Jeep vehicles in the high-volume compact and mid-sized segments, according to the five-year plan that the automaker detailed in 2009.
A Jeep spokesman said the new vehicle won't be on display when Marchionne visits the plant.