(The following press release from ACEA was received by e-mail. The sender verified the statement.) Marchionne to lead European automobile association for second term Brussels, 7 December 2012 —The Board of Directors of the European Automobile Manufacturers' Association (ACEA) today elected Sergio Marchionne, CEO of Fiat S.p.A., as the association’s President for 2013. This will be his second consecutive term heading the association. One of the highest priorities for ACEA next year will be to continue to push for a meaningful and supportive EU-wide industrial policy. In this context, ACEA will closely follow the process launched with CARS 2020 in order to ensure that the initiatives announced by the European Commission in this action plan are actually followed through. Level playing fields must be the norm in international trade relations. In 2013, ACEA will therefore continue to make the case for fair and balanced trade agreements. Also high on the agenda for ACEA next year will be the theme of sustainable mobility. **** About ACEA ACEA members are BMW Group, DAF Trucks, Daimler, FIAT S.p.A., Ford of Europe, General Motors Europe, Hyundai Motor Europe, IVECO S.p.A., Jaguar Land Rover, Porsche, PSA Peugeot Citroën, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, Volvo Group. More information can be found on www.acea.be. About Sergio Marchionne Sergio Marchionne is CEO of FIAT S.p.A., Chairman and CEO of FIAT Group Automobiles S.p.A., Chairman and CEO of Chrysler Group LLC, as well as Chairman of FIAT Industrial S.p.A. Born in Chieti, Italy, he has dual Canadian and Italian citizenship. He has been a member of the Board of FIAT S.p.A. since May 2003 and was appointed Chief Executive Officer in June 2004. He became CEO of Chrysler Group LLC in June 2009, as well as Chairman in September 2011. Mr Marchionne holds a Bachelor of Arts with a major in Philosophy and a Bachelor of Law from the University of Toronto, as well as a Masters in Business Administration and a Bachelor of Commerce from the University of Windsor (Canada). Mr Marchionne is a barrister, solicitor and chartered accountant. About the EU automobile industry · The automotive sector contributes positively to the EU trade balance with a €114.1 billion surplus. This contribution is highly significant today as the EU economy as a whole struggles with a total trade deficit for goods of €152.8 billion. · Some 11.6 million people - or 5.3% of the EU employed population - work in the sector. · The 3.2 million jobs in automotive manufacturing represent 10.2% of EU's manufacturing employment. · Motor vehicles account for over €375 billion in tax contribution in the EU15. · The sector is also a key driver of knowledge and innovation, representing Europe's largest private contributor to R&D, with €26 billion invested annually.
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ACEA NAMES MARCHIONNE TO LEAD ASSOCIATION FOR SECOND TERM
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