Statement on the passing of Sergio Marchionne, former ACEA President

Brussels, 25 July 2018 – The European Automobile Manufacturers’ Association (ACEA) expresses its profound sadness on the passing of Sergio Marchionne, the charismatic CEO of Fiat Chrysler Automobiles (FCA).

“We are deeply shocked to lose one of the longest-standing members of our Board of Directors,” stated ACEA President, Carlos Tavares. “As well as being an inspiring business leader of FCA, Mr Marchionne was highly active within ACEA, where he always showed an incredible passion and energy for our industry, commanding enormous respect from his peers.”

Mr Marchionne was a member of ACEA’s Board since 2004 and served as its President for two two-year terms (2006-2007 and 2012-2013).

ACEA extends its deepest sympathies to Mr Marchionne’s family and the entire FCA team at this very difficult time.


About ACEA

  • 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, cm@acea.auto, +32 485 88 66 47.

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About the EU automobile industry

  • 13 million Europeans work in the auto industry (directly and indirectly), accounting for 7% of all EU jobs.
  • 11.5% of EU manufacturing jobs – some 3.4 million – are in the automotive sector.
  • Motor vehicles are responsible for €374.6 billion of tax revenue for governments across key European markets.
  • The automobile industry generates a trade surplus of €79.5 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.
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