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.

***

Notes for editors

  • ACEA represents the 15 major Europe-based car, van, truck and bus manufacturers: BMW Group, DAF Trucks, Daimler, Fiat Chrysler Automobiles, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco, Jaguar Land Rover, PSA Group, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
  • More information can be found on www.acea.be or @ACEA_eu.
  • Contact: Cara McLaughlin, Communications Director, cm@acea.be, +32 2 738 73 45 or +32 485 88 66 47.

About the EU automobile industry

  • 13.3 million people – or 6.1% of the EU employed population – work directly and indirectly in the sector.
  • The 3.4 million jobs in automotive manufacturing represent over 11% of total EU manufacturing employment.
  • Motor vehicles account for some €413 billion in tax contributions in the EU15.
  • The sector is also a key driver of knowledge and innovation, representing Europe's largest private contributor to R&D, with €54 billion invested annually.
  • The automobile industry generates a trade surplus of €90.3 billion for the EU.