Fiat Chrysler boss Manley to head European auto lobby group ACEA
Reuters
Published Dec 12, 2019 11:23
Fiat Chrysler boss Manley to head European auto lobby group ACEA
MILAN (Reuters) - The European carmakers' association (ACEA) has appointed Fiat Chrysler (MI:FCHA) Chief Executive Mike Manley as its new president from January 2020, it said on Thursday.
Manley will take over the role from PSA (PA:PEUP) Chief Executive Carlos Tavares, who has served two one-year terms as ACEA President, the Brussels-based lobby group said in a statement.
Manley is helping Fiat Chrysler Chairman John Elkann - the head of Italy's Agnelli family which controls FCA - in talks with Tavares to finalise a merger agreement between the two groups which would create the world's fourth-largest automaker.
FCA and PSA, the maker of Peugeot and Citroen, are expected to sign a binding agreement by the end of the year..
ACEA said its priorities for next year included setting a plan on how to manage the transition to carbon-neutral road transport while ensuring the economic sustainability of the European auto sector.
The ACEA president is elected for one year, with the option for a further one year term, by the CEOs of the group's associates - the 15 largest Europe-based car, van, truck and bus manufacturers.
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Written By: Reuters
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