Page "Jeep" Paragraph 32
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The French automaker Renault began investing in AMC in 1979.
However, by 1987, the automobile markets had changed and even Renault itself was experiencing financial troubles.
At the same time, Chrysler Corporation wanted to capture the Jeep brand, as well as other assets of AMC.
Chrysler bought out AMC in 1987, shortly after the Jeep CJ-7 was replaced with the AMC-designed Jeep Wrangler or YJ.
Chrysler merged with Daimler-Benz in 1998 to form DaimlerChrysler.
DaimlerChrysler eventually sold most of their interest in Chrysler to a private equity company in 2007.
Chrysler and the Jeep division now operate under the name Chrysler Group LLC.
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