European Automobile Manufacturers’ Association elects new President
Brussels, 6 December 2013 – The European Automobile Manufacturers’ Association (ACEA) today elected Philippe Varin, CEO of PSA Peugeot Citroën, as its new President.
The announcement came today following a meeting of the ACEA Board of Directors.
Mr Varin will lead ACEA, as of 1 January 2014 until the end of his mandate as CEO of PSA Peugeot Citroën. The Board will announce Mr Varin’s successor at that time.
The annual presidency of ACEA was previously held by Sergio Marchionne, CEO of Fiat SpA and CEO and Chairman of Chrysler Group LLC. Mr Marchionne was voted in as ACEA President for the year 2012 and subsequently re-elected for 2013.
- The European Automobile Manufacturers’ Association (ACEA) represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Cara McLaughlin, Communications Director, email@example.com, +32 485 88 66 47.
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About the EU automobile industry
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.5 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €76.3 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €58.8 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 32% of total EU spending.