Get all the news you need in your inbox each morning. Broderdorf added that pricing for the new model will be competitive joining the Jeep Compass and Jeep Grand Cherokee on the brand's "winning mainstream lineup.

Jeep is finally getting ready to launch a new midsize SUV, again called the Cherokee in late 2025. It will be powered by gas combustion and hybrid powertrains.

Stellantis announced on Thursday that the all-new Jeep Cherokee will be released later this year. According to the automaker, the new Cherokee was reimagined from the ground up.