Brussels, Belgium – Carlos Ghosn, president and CEO of Renault and Nissan, has been elected as the new president of the European Automobile Manufacturers’ Association (ACEA). Ghosn will take over from Christian Streiff, CEO of PSA Peugeot Citroën, on January 1, 2009.

“The global automotive industry is facing two significant challenges with a severe financial meltdown twinned with an economic recession, and a major transition to low-emission vehicles,” Ghosn said. “In this context, an effective dialogue with EU institutions and governments is more important than ever.”

Ghosn reiterated the automotive industry’s call for normalization of credit markets, financial support to strategic investments, and a range of national incentives to boost the market. “It is vital that our industry can keep fulfilling its key role in Europe in terms of growth, investments, employment and technological leadership,” he said.

Founded in 1991, the ACEA represents the interests of fifteen European car, truck and bus manufacturers at the EU level, including BMW Group, DAF Trucks, Daimler, FIAT, Ford of Europe, General Motors Europe, Jaguar Land Rover, MAN Nutzfahrezeuge, Porsche, PSA Peugeot Citroën, Renault, Scania, Toyota Motor Europe, Volkswagen and Volvo.

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