Subaru leases Jeep Cherokee for £5.8m

Jeep has leased the Cherokee, which is currently under construction in Canada, to a Canadian company for a reported £5m.

The lease is for 18 months.

The vehicle is expected to be delivered in March 2018.

Subaru says it is “not currently planning any additional deliveries”.

The car is built in Canada by the Oshawa-based company, which has built several Jeep models including the Wrangler and Ram 1500.

It has also produced the Wranglers SUV and Ram 2500 SUV, the company said.

The company said in a statement it was committed to making the Wraggers the most versatile SUV ever produced, and the Cherokees are the first vehicle to be designed specifically to meet the needs of this segment.

Its leasing agreement, with Oshawa, comes on top of its deal with Ford last year to lease an existing Jeep, which it said was the most complex and technologically advanced Jeep ever built.

It was not immediately clear how many Cherokees the company was leasing or how many were under contract.

At a news conference in Oshawa on Tuesday, Chief Executive Officer Mike Sievert said that the company had been “focusing on our Jeep Cherokee program” since the beginning of 2017, and it had made “significant progress”.

Sievert said the lease with Oshamuz was “one of our biggest opportunities” to “continue to expand our Jeep program and make it a true global brand”.

“It is a significant step forward for our business,” he said.

“We believe our commitment to Jeep is an essential element of our long-term success.”

Subarashige’s new Jeep Cherokee was introduced at the Geneva Motor Show in April.

This story has been corrected to show the number of Cherokees leased to Oshamuys for the year is 18 instead of 19, and that it was a lease for 18 years rather than 18 months, as originally reported.

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