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ACEA elects Sergio Marchionne as president for 2012

Sergio Marchionne, chief executive of Fiat Group and Chrysler Group, has been appointed as the president of the European Automobile Manufacturers Association (ACEA) for 2012.

Marchionne said: “The year 2012 will be challenging especially if the instability in the Eurozone would not be addressed.

"Our association will further focus its work on three main issues: European industrial policy; sustainable mobility and transport; and international trade relations.

“These issues are all closely linked as the industry's capacity to invest and innovate depends on a strong, competitive manufacturing base in Europe.”

Marchionne takes over from Dieter Zetsche, chairman of the board of Daimler AG and head of Mercedes-Benz Cars Division, who served as ACEA President in 2010 and 2011.

Zetsche said: “The European automotive industry is a major employer and invests over 30 billion EUR in R&D per year - more than any other industry in Europe.

"The importance of our industry must be reflected in the EU's economic, transport and trade policies."

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