Frenchman Carlos Ghosn who steered Nissan back to profitability is the new president of the European Automobile Manufacturers’ Association (ACEA)
Ghosn, who is CEO of Renault and Nissan, replaces Peugeot/Citroen boss, Christian Streiff.
Ghosn says the global automotive industry is facing two major challenges – a severe financial meltdown twinned with an economic recession, and a major transition to low-emission vehicles.
He says that makes it a priority for European car makers to work with European Union governments and institutions to ensure the motor industry survives and prospers.
Ghosn reiterated the automotive industry’s call for normalisation of credits markets, financial support for 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.”