Marchionne elected to second term as ACEA president

Newswire

BRUSSELS, Dec 7 (Reuters) - Sergio Marchionne, chief executive of Italian carmaker Fiat, has been re-elected president of European auto trade group ACEA for another year. ACEA also said on Friday it would continue to push for "a meaningful and supportive EU-wide industrial policy" in 2013. Mid-market carmakers in France, Italy and Spain have been struggling with excess capacity, while their German counterparts benefit from higher-margin cars and exports. ...

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