Sergio Marchionne reelected as ACEA president image

Chrysler and Fiat CEO Sergio Marchionne has been re-elected as the president of the European Automobile Manufacturers Association (ACEA) after he concluded his first term.

Marchionne’s first term at the helm of ACEA has been tumultous and marked with disputes with executives of some automakers, especially Volkswagen. Marchionne called for a unified policy in Europe that includes agreements by multiple automakers to reduce production capacity, or close plants, an idea that VW strongly opposes.

Most automakers are losing money in Europe as industry sales are declining for the fifth straight year and the economy is in a deep recession. However, automakers from southern Europe, such as Fiat, suffer more than those in northern Europe, like Volkswagen.
The diverging fortunes have led to differences over European Union trade policy and how to cope with Europe’s difficult market conditions.

“One of the highest priorities for ACEA next year will be to continue to push for a meaningful and supportive EU-wide industrial policy. In this context, ACEA will closely follow the process launched with CARS 2020 in order to ensure that the initiatives announced by the European Commission in this action plan are actually followed through,” the association said in a statement today.