The Board of Directors of the European Automobile Manufacturers’ Association (ACEA) has elected Carlos Ghosn, Chairman and CEO of Renault, as its new President, according to a press release. Ghosn takes over from Philippe Varin, former Chairman of the Board of Management of PSA Peugeot Citroen. This change is effective immediately. Ghosn is 54 and has French and Lebanese nationality. He stared his career in the automotive industry in 1978, when he joined Michelin. “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.