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PRESS RELEASE: 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.
Notes for editors
ACEA members are BMW Group, DAF Trucks, Daimler, FIAT SpA., Ford of Europe, General Motors Europe, Hyundai Motor Europe, IVECO SpA., Jaguar Land Rover, PSA Peugeot Citroën, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, Volvo Group.
Facts about the EU automobile industry
• Some 12.9 million people - or 5.3% of the EU employed population - work in the sector.
• The 3 million jobs in automotive manufacturing represent 10% of EU’s manufacturing employment.
• Motor vehicles account for over €385 billion in tax contribution in the EU.
• The sector is also a key driver of knowledge and innovation, representing Europe’s largest private contributor to R&D, with €32 billion invested annually.
• The automotive sector contributes positively to the EU trade balance with a €92 billion surplus, despite a total trade deficit for goods of €152.8 billion.
For further information, please contact:
• PSA Peugeot Citroën - Press service: +33 1 40 66 42 00