ACEA ushers in a new era with Mercedes-Benz at the helm

The European Automobile Manufacturers' Association (ACEA) has appointed the Chairman of the Board of Mercedes-Benz Group, Ola Källenius, as its new President. He succeeds Luca de Meo, CEO of the Renault Group, who held the position for the past two years. Källenius is set to take office on January 1, 2025. At the same time, ACEA also welcomes Stellantis as a new member, signaling a significant step towards a united voice for the European automotive industry. De Meo emphasized the importance of collaboration in times of an unprecedented competition and decarbonization crisis. In these crucial moments, the unity of the sector is of utmost importance. Källenius brings more than two decades of experience with Mercedes-Benz, including significant leadership roles in various subsidiaries. He stated that his focus will be on improving regulatory frameworks to sharpen competitiveness in the digital and electric era. He also aims to advocate for a market-oriented approach to decarbonization and promote free trade. Stellantis, a multinational company, was formed in 2021 from the merger of Fiat Chrysler Automobiles and the PSA Group. The corporation is headquartered in the Netherlands and unites 14 brands, including well-known names such as Alfa Romeo, Chrysler, and Peugeot, under one roof.