Sergio Marchionne's right
hand man Alfredo Altavilla is elected Chairman of ACEA's
Commercial Vehicle Board while rumours go wild over a
Fiat Industrial acquisition of VW's commercial vehicle
interests in MAN and Scania.
The Commercial Vehicle
Board of the European Automobile Manufacturers’
Association (ACEA) has elected Alfredo Altavilla as its
new Chairman for 2011. Altavilla is CEO of Iveco. At
ACEA, he takes over from Leif Johansson, CEO of Volvo
Group, who was ACEA Commercial Vehicle Chairman during
2010.
“I look forward to
further intensify our dialogue with the European
Institutions on behalf of the European truck, van and
bus manufacturers, and I thank Mr Johansson for his
valuable work in 2010”, said Altavilla. “A main priority
in 2011 for the commercial vehicle sector remains the
achievement of a full recovery from the financial and
economic crisis. Our sector was hit harder than most,
and it will take a number of years before we return to
pre-crisis levels. However, we are positive and
confident to maintain our position as technology leaders
around the world”.
In 2010, heavy-duty
vehicle production continued to decrease in the first
quarter before rising by 57% and 66% in the second and
third, sharply contrasting with the crisis-marked levels
of 2009. Overall, truck production remained considerably
below the levels of 2008 (-53% over the first three
quarters). The market situation remains difficult
especially in Eastern and Southern Europe, whereas in
other parts of Europe, as well as in the US, the outlook
is better. Asian and Latin American markets are doing
extremely well.
“We call on policy
makers to deploy all possible means to ensure a
supportive regulatory and business environment in
Europe”, added Altavilla in the ACEA statement,
“addressing issues from access to capital to
strengthening funding for R&D. Special attention should
also be given to the difficulties experienced by vehicle
industry suppliers due to reduced production levels. In
particular, policy makers should consider measures to
encourage fleet renewal. This would sustain our
substantial contribution to improving the environmental
performance of road transport and contributing to
improving road safety”.
Alfredo Altavilla, 47,
is CEO of Iveco, a company of Fiat Industrial, since
November 2010. He joined Fiat Auto in 1990 and has been
in charge of Business Development since 2001 with,
subsequently, responsibility for the management of Fiat
Group alliances. In September 2004, he was appointed
Chairman of FGP (Fiat/GM Powertrain JV) and Senior Vice
President of Business Development of Fiat Auto. In
addition, in July 2005, he was appointed Chief Executive
Officer of Tofas, listed on the Istanbul stock exchange.
In November 2006, he was named CEO of Fiat Powertrain
Technologies and became a member of the Group Executive
Council of the Fiat Group. In July 2009, he joined the
Board of Directors of Chrysler Group and in October
2009, was named Executive Vice President of Business
Development of the Fiat Group.
Meanwhile the media
has gone into overdrive over remarks Sergio Marchionne
has made at the Detroit Auto Show this week. "We’re not
a seller of assets but at Fiat [Industrial] we are
potentially acquirers, if Volkswagen wants to divest its
truck assets," remarked the Fiat Industrial Chairman to
reporters. With Fiat's lack of financial resources and
the over $13 billion valuation of the two stakes VW has
in MAN and Scania, not to mention their profitability,
Marchionne, generally seen as a CEO more associated with
talk than results, was most probably biting back at VW's
regular shows of interest in acquiring the Alfa Romeo
brand. In Detroit VW CEO Martin Winterkorn said that
Alfa Romeo was "nice and interesting", his latest
comments in his long running interest in the faded
sports brand.