ACEA

Volkswagen purchase of MAN and Scania change in membership of ACEA

[1 July 2012 – Brussels] Due to the changes in ownership of the commercial vehicle manufacturers MAN Truck & Bus AG and Scania AB earlier this year, these companies will cease to be standalone members of ACEA as of 1 July 2012. ACEA will henceforth have 16 members.

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.

The change means that ACEA now has 16 ‘full’ members. These are BMW Group, DAF Trucks, Daimler, FIAT S.p.A., Ford of Europe, General Motors Europe, Hyundai Motor Europe, IVECO S.p.A., Jaguar Land Rover, Porsche, PSA Peugeot Citroën, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, Volvo Group. They provide direct employment to more than 2 million people and indirectly support another 10 million jobs. Annually, ACEA members invest over €26 billion in R&D, and are responsible for over €70 billion in trade surplus.

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About ACEA
The European automotive industry is key to the strength and competitiveness of Europe. The ACEA members are BMW Group, DAF Trucks, Daimler, FIAT S.p.A., Ford of Europe, General Motors Europe, Hyundai Motor Europe, IVECO S.p.A., Jaguar Land Rover, Porsche, PSA Peugeot Citroën, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, Volvo Group. They provide direct employment to more than 2 million people and indirectly support another 10 million jobs. Annually, ACEA members invest over €26 billion in R&D, or 5% of turnover.

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For further information, please contact Cara McLaughlin, Director Communications, 

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published 1 July 2012

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