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Marchionne re-elected

The European Automobile Manufacturers Association (ACEA) has re-elected Sergio Marchionne as its president for 2007.

Marchionne, also CEO of the Fiat Group, said: “I am honoured to be president of the ACEA for another year. These are crucial times for the European automotive industry.

“The overarching challenge is keeping the industry competitive. It is essential that the recommendations of CARS21 to improve Europe’s regulatory framework, while improving safety on the roads and protecting the environment are respected.”

CARS21, a multi-stakeholder forum of European Commissioners, national ministers, CEOs and consumer representatives, concluded its report on the automotive industry in December 2005. The European Commission is expected to send its recommendations for the reports implications to the European Parliament this month.

“CARS21 was a recognition long due for the fact that regulation impacts our competitiveness directly. We need swift adoption of recommended ‘better regulation’ principles before legislative proposals are made,” said Marchionne.

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