Volkswagen CEO Says Apple Can Mount Major Challenge With Auto Push
Volkswagen AG Chief Executive Officer Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor. From a report:
"We look forward to new competitors who will certainly accelerate the change in our industry and bring in new skills," Diess said in a LinkedIn post when asked about reports that Apple is developing a self-driving car. "The unbelievable valuation and the practically unlimited access to resources instill a lot of respect in us." [...] Diess mapped out a plan during an internal meeting last week to pit VW's huge Wolfsburg plant against Tesla's factory that's under construction outside Berlin. The electric-car maker's new site in Gruenheide is bound to stoke competition for engineers, workers and customers on VW's home turf. "I've said it before: the most valuable company in the world will again be a mobility company," Diess said. "It could be Tesla, Apple or Volkswagen."
Volkswagen AG Chief Executive Officer Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor. From a report:
"We look forward to new competitors who will certainly accelerate the change in our industry and bring in new skills," Diess said in a LinkedIn post when asked about reports that Apple is developing a self-driving car. "The unbelievable valuation and the practically unlimited access to resources instill a lot of respect in us." [...] Diess mapped out a plan during an internal meeting last week to pit VW's huge Wolfsburg plant against Tesla's factory that's under construction outside Berlin. The electric-car maker's new site in Gruenheide is bound to stoke competition for engineers, workers and customers on VW's home turf. "I've said it before: the most valuable company in the world will again be a mobility company," Diess said. "It could be Tesla, Apple or Volkswagen."
A lot of Dems aren't going to like this.
Let them stick to gadgets

