The epic fight over who controls the future of the car industry is about to get a whole lot more interesting.
Browsing: Herbert Diess
Car makers are having to get creative to cope with the global shortage of semiconductors.
Volkswagen plans to take on Tesla in a key electric vehicle battleground: power infrastructure.
In just one frenetic trading session, Tesla added $118-billion to its worth, or almost double that of Ford’s entire market capitalisation.
Tesla shares are staging a comeback as investors expect the electric car maker to navigate the crippling semiconductor shortage better than rivals.
Volkswagen of America’s purported name change to “Voltswagen” was an April Fool’s joke gone bad.
Volkswagen’s boss, Herbert Diess, is realistic about the threat posed by software-savvy and richly valued rivals such as Tesla, but he’s adamant that VW can prevail. On current form, he may be right.
Just like Samsung has an edge over Apple with its superior smartphone display, there is one area where VW may be ahead of Tesla: The German car maker has placed a big bet on next-generation lithium-ion batteries.
While Volkswagen is one of the largest car producers, it’s now pitted against companies that have routinely disrupted industries, casting former leaders aside in the process.
Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker’s battery technology, CEO Herbert Diess said.