Scania: Scania’s President and CEO to Lead ACEA Commercial Vehicle Board for 2015

Scania AB (STO:SCVA) (STO:SCVB)

The Commercial Vehicle Board of Directors of the European Automobile Manufacturers’ Association (ACEA) has elected Martin Lundstedt as its new Chairman for 2015.

The Commercial Vehicle Board elects a new Chairman for a yearly term, once renewable.

Mr Lundstedt, President and CEO of Scania, follows Wolfgang Bernhard, Head of Daimler Trucks, who took over the chairmanship of ACEA's Commercial Vehicle Board in 2013, and went on to serve a second term in 2014.

Speaking after his election, Mr Lundstedt said: "I am honoured to drive ACEA’s commercial vehicle activities for the next year, when a top priority for our industry will be to continue to address one of our toughest challenges: the further reduction of CO2emissions.”

In this context, the CV industry has formulated three recommendations to policy makers:

· To take full account of the complexity of the commercial vehicle market, which cannot be reflected in a ‘one-size-fits-all’ approach;

· To improve consumer information, thereby further strengthening market forces. This will make the customer the best regulator;

· To foster close partnerships between all relevant stakeholders through a fully integrated approach in order to double the annual potential of CO2reduction.

About ACEA

The European Automobile Manufacturers’ Association (ACEA) is the Brussels-based trade association of the 15 major car, van, truck and bus producers in Europe. The ACEA commercial vehicle members are DAF Trucks, Daimler Trucks, IVECO, MAN Truck & Bus, Scania, Volkswagen Commercial Vehicles and Volvo Group.

Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime Scania also offers financial services. Employing some 41,000 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2013, net sales totalled SEK 86.8 billion and net income amounted to SEK 6.2 billion. Scania press releases are available on www.scania.com

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