ACEA NAMES MARCHIONNE TO LEAD ASSOCIATION FOR SECOND TERM

     (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. 
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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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