Volkswagen CEO Diess 'not afraid' of an Apple electric car

Reuters2021-02-14

FRANKFURT, Feb 14 (Reuters) - Germany's Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker's battery technology, its chief executive Herbert Diess said.

Reuters reported in December that Apple may have progressed enough to build a vehicle for mass markets by 2024, helped by cost cuts in battery technology.

"The car industry is not a typical tech-sector that you could take over at a single stroke," Diess was quoted as saying an interview with Frankfurter Allgemeine Sonntagszeitung.

"Apple will not manage that overnight," he added.

While Apple's plans are not public, Diess said its intentions as such were "logical" because the company had expertise in batteries, software and design, and that it had deep pockets to build on these competencies.

"Still, we are not afraid," he said.

Volkswagen plans to develop software needed for autonomous cars in-house to ensure it can compete against tech firms in the field of electric car data.

(Reporting by Vera Eckert; Editing by Alexander Smith)

((vera.eckert@thomsonreuters.com; +49 30 2201 33654; @EckertVera;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

potatochip
2021-02-15
potatochip
Finding the right partner is important
- Ddazes:
  CollaBorate?
- Ddazes:
  [贱笑][龇牙]
Moneygame
2021-02-15
Moneygame
[財迷] [財迷]
jlwm
2021-02-15
jlwm
???
龙疼虎乐
2021-02-14
龙疼虎乐
大衆就是大衆[強] [強] [強]
holaemma
2021-02-14
holaemma
buy and hold

Leave a comment

5

9

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2111008671?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-02-14 22:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2111008671","market":"us","top_or_hot":-1,"title":"Volkswagen CEO Diess 'not afraid' of an Apple electric car","media":"Reuters","content":"<html><body><p>FRANKFURT, Feb 14 (Reuters) - Germany's Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker's battery technology, its chief executive Herbert Diess said.</p><p>   Reuters reported in December that Apple    may have progressed enough to build a vehicle for mass markets by 2024, helped by cost cuts in battery technology. </p><p>   \"The car industry is not a typical tech-sector that you could take over at a single stroke,\" Diess was quoted as saying an interview with Frankfurter Allgemeine Sonntagszeitung.</p><p>   \"Apple will not manage that overnight,\" he added.</p><p>   While Apple's plans are not public, Diess said its intentions as such were \"logical\" because the company had expertise in batteries, software and design, and that it had deep pockets to build on these competencies.</p><p>   \"Still, we are not afraid,\" he said.</p><p>   Volkswagen    plans to develop software needed for autonomous cars in-house to ensure it can compete against tech firms in the field of electric car data.   </p><p> (Reporting by Vera Eckert; Editing by Alexander Smith)</p><p>((vera.eckert@thomsonreuters.com; +49 30 2201 33654; @EckertVera;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Volkswagen CEO Diess 'not afraid' of an Apple electric car</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVolkswagen CEO Diess 'not afraid' of an Apple electric car\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-14 22:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FRANKFURT, Feb 14 (Reuters) - Germany's Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker's battery technology, its chief executive Herbert ...</p>\n\n<a href=\"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09086","symbol_name":"华夏纳指-U","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2111008671","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2111008671","pubTimestamp":1613311215,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"FRANKFURT, Feb 14 (Reuters) - Germany's Volkswagen is not concerned by any Apple plans for a passeng","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09086":"华夏纳指-U","03086":"华夏纳指"},"translate_title":"大众汽车首席执行长戴斯“不怕”苹果电动车","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03086":0.6,"09086":0.6},"content_text":"FRANKFURT, Feb 14 (Reuters) - Germany's Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker's battery technology, its chief executive Herbert Diess said.   Reuters reported in December that Apple    may have progressed enough to build a vehicle for mass markets by 2024, helped by cost cuts in battery technology.    \"The car industry is not a typical tech-sector that you could take over at a single stroke,\" Diess was quoted as saying an interview with Frankfurter Allgemeine Sonntagszeitung.   \"Apple will not manage that overnight,\" he added.   While Apple's plans are not public, Diess said its intentions as such were \"logical\" because the company had expertise in batteries, software and design, and that it had deep pockets to build on these competencies.   \"Still, we are not afraid,\" he said.   Volkswagen    plans to develop software needed for autonomous cars in-house to ensure it can compete against tech firms in the field of electric car data.    (Reporting by Vera Eckert; Editing by Alexander Smith)((vera.eckert@thomsonreuters.com; +49 30 2201 33654; @EckertVera;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":382958989,"gmtCreate":1613353885741,"gmtModify":1704879997090,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"htmlText":"Finding the right partner is important&nbsp;","listText":"Finding the right partner is important&nbsp;","text":"Finding the right partner is important","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/382958989","repostId":2111008671,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3597345,"gmtCreate":1613623629391,"gmtModify":1680777337140,"authorId":3570925230110099,"author":{"id":3570925230110099,"idStr":"3570925230110099","authorId":3570925230110099,"name":"Ddazes","avatar":"https://static.tigerbbs.com/6ba801dfb90539ab362f1d1efe8729c7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382958989,"type":1,"supId":0,"prevId":0,"content":"CollaBorate?","text":"CollaBorate?","html":"CollaBorate?"},{"id":3597351,"gmtCreate":1613623713156,"gmtModify":1680777333318,"authorId":3570925230110099,"author":{"id":3570925230110099,"idStr":"3570925230110099","authorId":3570925230110099,"name":"Ddazes","avatar":"https://static.tigerbbs.com/6ba801dfb90539ab362f1d1efe8729c7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382958989,"type":1,"supId":0,"prevId":0,"content":"[贱笑][龇牙]","text":"[贱笑][龇牙]","html":"[贱笑][龇牙]"}],"langContent":"EN"},{"id":382904571,"gmtCreate":1613335588593,"gmtModify":1704879913234,"author":{"id":"3561707685549601","authorId":"3561707685549601","name":"Moneygame","avatar":"https://static.tigerbbs.com/678e93afc59c6af3c47028da922b16de","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3561707685549601","authorIdStr":"3561707685549601"},"htmlText":"[財迷]&nbsp;[財迷]&nbsp;","listText":"[財迷]&nbsp;[財迷]&nbsp;","text":"[財迷] [財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382904571","repostId":2111008671,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":382078060,"gmtCreate":1613320253950,"gmtModify":1704879894885,"author":{"id":"3553591637914566","authorId":"3553591637914566","name":"jlwm","avatar":"https://static.tigerbbs.com/89b85190623c1a52808a4f482fec9cd0","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3553591637914566","authorIdStr":"3553591637914566"},"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382078060","repostId":2111008671,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382052558,"gmtCreate":1613315202174,"gmtModify":1704879874661,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙疼虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"htmlText":"大衆就是大衆[強]&nbsp;[強]&nbsp;[強]&nbsp;","listText":"大衆就是大衆[強]&nbsp;[強]&nbsp;[強]&nbsp;","text":"大衆就是大衆[強] [強] [強]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382052558","repostId":2111008671,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":382058074,"gmtCreate":1613314475198,"gmtModify":1704879871262,"author":{"id":"3569439665578578","authorId":"3569439665578578","name":"holaemma","avatar":"https://static.tigerbbs.com/8f1ae67537952fd32ae3bcbf47bce4f9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569439665578578","authorIdStr":"3569439665578578"},"htmlText":"buy and hold","listText":"buy and hold","text":"buy and hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382058074","repostId":2111008671,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2111008671"}