Brussels, 7 January 2020 – The European Automobile Manufacturers’ Association (ACEA) kicks off the new year with Ferrari becoming its newest member company.
ACEA is the advocate for the automobile industry in Europe, representing manufacturers of passenger cars, vans, trucks and buses with production sites in the EU.
With the addition of the Italian luxury car maker, ACEA now counts 16 members. These are: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Fiat Chrysler Automobiles, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, PSA Group, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
Ferrari’s membership took effect on 1 January, following approval at the end of last year by ACEA’s Board of Directors, which is made up of the CEOs of its member companies.
Notes for editors
- More information about ACEA can be found on www.acea.be or www.twitter.com/ACEA_eu.
- Contact: Cara McLaughlin, Communications Director, [email protected], +32 2 738 73 45 or +32 485 88 66 47.
About the EU automobile industry
- 13.8 million Europeans work in the auto industry (directly and indirectly), accounting for 6.1% of all EU jobs.
- 11.4% of EU manufacturing jobs – some 3.5 million – are in the automotive sector.
- Motor vehicles account for €428 billion in taxes in the EU15 countries alone.
- The automobile industry generates a trade surplus of €84.4 billion for the EU.
- The turnover generated by the auto industry represents over 7% of EU GDP.
- Investing €57.4 billion in R&D annually, the automotive sector is Europe's largest private contributor to innovation, accounting for 28% of total EU spending.