The Board of Directors of ACEA, the European Automobile  Manufacturers'  Association,  has elected Carlos Ghosn as its new  president. 

Carlos  Ghosn,  CEO  of  Renault,  will  take  over from Christian Streiff, CEO of PSA Peugeot Citroën, on 1 January 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. In this context, an effective dialogue  with  EU  institutions  and  governments is more important than ever,"  said  Carlos  Ghosn, reflecting on the expected priorities of his
 term as ACEA President.

Carlos  Ghosn reiterated the automotive industry's call for normalisation of  credits  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."

"It has been a dynamic year for ACEA with the CO2-emission regulation for passenger  cars  on  the  top of the agenda as part of Europe's ambitious commitment  to  energy and climate-change management", added Streiff.

"It is  essential  that  ACEA continues to express a shared, clear and strong vision  on  the many issues affecting the automobile industry, especially at a time when it faces an unprecedented crisis."

Carlos Ghosn
Carlos Ghosn joined Michelin in 1978 as Plant Manager in Le Puy (France), before  being  appointed  Head of research and development for industrial tyres in Ladoux (France). He became Chief Operating Officer of Michelin's South  American  operations, then Chairman and Chief Executive Officer of Michelin  North  America  in  1990.  He  joined Renault as Executive Vice President  in  1996.  He  was appointed Chief Operating Officer of Nissan Motor  in  June 1999, President in 2000, Chief Executive Officer in 2001. Since  May 2005, he is President and CEO of Renault and remains President and CEO of Nissan.