Volkswagen CEO: I'm not scared of Apple
CNN
Volkswagen's CEO Herbert Diess isn't intimidated by Apple, even though the tech company potentially has an electric car on the way.
"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." For years, industry observers have speculated that Apple (AAPL) will release it's 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.More Related News