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ACEA members support changes in governance of Formula One
Brussels, 12/06/2009 - Today, the members of the Board of the European Automobile Manufacturer’s Association discussed the current situation prevailing in Formula One, and have concluded that the current governance system cannot continue.
ACEA has come to the conclusion that the FIA needs a modernised and transparent governance system and processes, including the revision of its constitution, to ensure the voice of its members, worldwide motorsport competitors and motorists are properly reflected.
The ACEA members support the activities and objectives of the Formula One Teams Association to establish stable governance, clear and transparent rules which are common to all competitors to achieve cost reductions including a proper attribution of revenues to the F1 teams, in order to deliver a sustainable attractive sport for the worldwide public.
Unless these objectives are met, the BMW, Ferrari, Mercedes, Renault and Toyota along with the other teams are determined to find an alternative way to practice this sport in a manner which provides clarity, certainty of rules and administration, and a fair allocation of revenues to the competing teams.
The European automotive industry is key to the strength and competitiveness of Europe. The ACEA members are BMW Group, DAF Trucks, Daimler, FIAT Group, Ford of Europe, General Motors Europe, Jaguar Land Rover, MAN Nutzfahrzeuge, Porsche, PSA Peugeot Citroën, Renault, Scania, Toyota Motor Europe, Volkswagen and Volvo. They provide direct employment to more than 2.3 million people and indirectly support another 10 million jobs. Annually, ACEA members invest €20 billion in R&D, or 4% of turnover.
Market & Economy
- Diesel Emissions Conference, & Adblue Forum 2013 Europe, 18-20 June 2013. ACEA members get a 20% discount on the registration fee.
Recent and Past Events
- ACEA Annual Transport Policy Event 2012: How Can Policy Reflect Changing Transport Demands? 6 December 2012,Brussels. Click here for more...
- Our Future Mobility Now "Innovation for Europe, Skills for the Future" Roundtable 10 October 2012. Click here for more...