And so it starts:
VW CEO Herbert Diess
"If we want to remain independent, we have to develop software in the car ourselves"
VW CEO Herbert Diess
"If we want to remain independent, we have to develop software in the car ourselves"
Herbert Diess continued
"not handing over the 'brains' of the car to the big tech players."
In-house bits and bytes are "the most important project in the next five, ten years"
"not handing over the 'brains' of the car to the big tech players."
In-house bits and bytes are "the most important project in the next five, ten years"
"If we want to retain our independence ... we have to be able to develop the software in the car ourselves"
"This is the only way for us to guarantee long-term success."
"This is by far the most important project for this Group in the next five, probably ten years.
"This is the only way for us to guarantee long-term success."
"This is by far the most important project for this Group in the next five, probably ten years.
These quotes are out of an internal VW Top Management meeting including 2 members of the Supervisory Board
"That was already an extremely forceful wake-up call," reports one participant about the so-called CEO Talk at VW
"That was already an extremely forceful wake-up call," reports one participant about the so-called CEO Talk at VW
The costs of VW that are still far too high compared to some VW rivals (Tesla) have been discussed
That proves that the costs of VW producing BEVs are still too high to become competitive
That proves that the costs of VW producing BEVs are still too high to become competitive
Chip shortages have been another issue the VW Managers discussed
Herbert Diess, VW CEO estimates that the economy will "see a pickup globally - as vaccinations continue to filter through and hopefully the Corona situation eases" in 2H21
Herbert Diess, VW CEO estimates that the economy will "see a pickup globally - as vaccinations continue to filter through and hopefully the Corona situation eases" in 2H21
Question
"In your view to what extent & under what conditions does it make sense to catch up with the best-in-class competition (currently Tesla) via acquisitions or partnerships with suitable tech groups in the core area in each case (example: CarSoftware Org. & infotainment)?"
"In your view to what extent & under what conditions does it make sense to catch up with the best-in-class competition (currently Tesla) via acquisitions or partnerships with suitable tech groups in the core area in each case (example: CarSoftware Org. & infotainment)?"
Herbert Diess responded
"Acquisitions we have already made a few. But you have to ask the question of 'make or buy.'"
"We cannot hand over data sovereignty, the customer interface and ultimately the 'brain' of the car to the big tech players."
"Acquisitions we have already made a few. But you have to ask the question of 'make or buy.'"
"We cannot hand over data sovereignty, the customer interface and ultimately the 'brain' of the car to the big tech players."
Diess
"The transformation into a digital mobility company is a top priority for the Group. We have to manage the change better than others. We have to be faster compared to the competition so that we remain one of the most important mobility providers with shining brands. (...)"
"The transformation into a digital mobility company is a top priority for the Group. We have to manage the change better than others. We have to be faster compared to the competition so that we remain one of the most important mobility providers with shining brands. (...)"
Herbert Diess, CEO VW Group
(...) At the same time, we must continue to drive decarbonization"
(...) At the same time, we must continue to drive decarbonization"
The VW Technical Board Member Schmall van Westerholz said in a Podcast
"We want to make the Group platform the industry standard as part of a third-party business."
That's a hint to Ford, GM, Daimler, Toyota a.o.
"We want to make the Group platform the industry standard as part of a third-party business."
That's a hint to Ford, GM, Daimler, Toyota a.o.
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