TohKokMeng79
2021-02-16
Other businesses... Sharing a Pie
Volkswagen CEO: I'm not scared of Apple
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Sharing a Pie","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/382686224","repostId":1150851565,"repostType":4,"repost":{"id":"1150851565","kind":"news","pubTimestamp":1613441223,"share":"https://www.laohu8.com/m/news/1150851565?lang=&edition=full","pubTime":"2021-02-16 10:07","market":"us","language":"en","title":"Volkswagen CEO: I'm not scared of Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=1150851565","media":"CNN Business","summary":"New York (CNN Business) Volkswagen's CEO Herbert Diess isn't intimidated by Apple, even though the t","content":"<p><b>New York (CNN Business) </b>Volkswagen's CEO Herbert Diess isn't intimidated by Apple, even though the tech company potentially hasan electric caron the way.</p>\n<p>\"The car industry is not a typical tech sector that you could take over at a single stroke,\" Diess said in an interview with German newspaper Frankfurter Allgemeine Zeitung. \"Apple will not manage that overnight.\"</p>\n<p>For years, industry observers have speculated that Apple(AAPL) will release its own electric, self-driving car. That conversation was reignited in December 2020, when Reuters, citing unnamed sources, reported that Apple planned to produce a passenger vehicle by 2024.</p>\n<p>In April 2017, Apple received a permit from the California Department of Motor Vehicles to test self-driving vehicles there.</p>\n<p>\"There's just so much going on in [electric and autonomous vehicles] and connected tech,\" Morgan Stanley analysts wrote in a note to investors in December 2020. \"It is perhaps a fitting time of the world's most valuable company to play its hand in the $10 trillion global mobility market.\"</p>\n<p>Volkswagen is also aiming to be a dominant force in the electric car field. 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