Chrysler Expects to Boost Global Jeep Sales 14%

Chrysler Group LLC's Jeep unit aims to boost worldwide sales to more than 800,000 units this year from a record 710,600 units in 2012, according to CEO Sergio Marchionne.

He is pinning his hopes on the new midsize Jeep Cherokee SUV that debuts in May, saying it will give the brand a fresh entry in the heart of the U.S. sport-utility market. The Cherokee replaces the Liberty.

Last year, Jeep sales soared 94% in Asia and climbed 29% in Europe, 18% in Latin America and 13% to 474,100 vehicles in the U.S.