ACEA Membership: changes as of 1 July

The change comes from the takeover of both longstanding ACEA members by Volkswagen AG, the Wolfsburg-based vehicle manufacturer. Volkswagen increased its stake in both companies to a majority shareholding during 2011. Referring to the deal, Martin Winterkorn, Chief Executive Officer of Volkswagen AG said, “Together with the management and employees of MAN and Scania, we want to make the integrated commercial vehicles group a success for all customers and shareholders.”

It was agreed at the ACEA Board of Directors meeting in December 2011 that both MAN Truck & Bus AG and Scania AB would continue to be full members until 30 June 2012. As of 1 July, both companies will fall under Volkswagen’s single membership, as is consistent with previous changes in ACEA members’ ownerships. However, both MAN Truck & Bus AG and Scania AB will remain members of the Commercial Vehicle Board of Directors (CV-BOD).

Mr Ivan Hodac, Secretary General of ACEA said, “We look forward to continuing our work with our Scania and MAN colleagues as we look to sustaining competitive, high quality and innovative European automobile production”. Mr Hodac stressed the importance of the commercial vehicle wing of ACEA, which features many key members.