Marchionne elected president of ACEA
Chrysler’s current CEO will replace a former Chrysler CEO as president of ACEA (“Association des Constructeurs Européens d’Automobiles” or “European Automobile Manufacturer’s Association”). In a press release, ACEA’s board of directors announced they had elected Sergio Marchionne as the association’s President for 2012. He will replace Dieter Zetsche, CEO of Daimler AG and head of Chrysler until its sale to Cerberus Capital Management in 2007.
ACEA’s board consists of the chief executive officers of the group’s 13 member manufacturers: BMW Group, DAF Trucks, Daimler, Fiat, Ford of Europe, General Motors Europe, Jaguar Land Rover, MAN Truck & Bus, Porsche, PSA Peugeot Citroën, Renault, Scania, Toyota Motor Europe, Volkswagen, Volvo Cars, and Volvo Group. The group is headquartered in Brussels, Belgium.
Marchionne previously served terms as president in 2006 and 2007.
“The year 2012 will be challenging especially if the instability in the Eurozone would not be addressed,” said Marchionne. “Our association will further focus its work on three main issues: European industrial policy; sustainable mobility and transport; and international trade relations. These issues are all closely linked as the industry’s capacity to invest and innovate depends on a strong, competitive manufacturing base in Europe.”
Zetsche added, “The European automotive industry is a major employer and invests over 30 billion EUR in R&D per year – more than any other industry in Europe. The importance of our industry must be reflected in the Union’s economic, transport and trade policies.”
