PSA's Varin will succeed Marchionne as ACEA president

Varin will remain ACEA president until he leaves PSA.
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PSA/Peugeot-Citroen CEO Philippe Varin will succeed Fiat-Chrysler CEO Sergio Marchionne as the president of ACEA, the European automakers lobby group.

Last week, PSA said Varin will be stepping down as CEO during 2014. He will be replaced by former Renault No. 2 Carlos Tavares. Varin will succeed Marchionne on Jan. 1 and will serve as president until leaving PSA, ACEA said in a statement.

Marchionne was elected ACEA president for 2012 and re-elected in 2013.

Varin will become head of the organization at a difficult time for European carmakers. New-car sales in the EU and EFTA fell 3 percent to 10.3 million in the first 10 months compared with a year earlier.

PSA has begun negotiations with partner Dongfeng Motor Corp. in a deal that could see the Chinese carmaker take a stake in PSA, sources say. The deal would offer the French company a lifeline as it struggles to end its reliance on Europe's slumping car market.

Brussels-based ACEA was founded in 1991 and represents the interests of the 15 European car, truck and bus manufacturers at the EU level.

You can reach David Jolley at

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