VW CEO Diess on U.S. Strategy, Electrification, China

The transcript discusses strategies to increase market share in the US, focusing on electric vehicles and local production. It highlights competition with Tesla and market dynamics in the US and China. The company is aggressively investing in the Chinese market and expanding its software capabilities. Challenges include meeting emissions regulations and addressing chip shortages.

What is the company's main focus to increase its market share in the US?

• Building more gas stations

• Focusing on electrification and new product launches

• Investing in fast food chains

• Expanding into luxury vehicles

Which competitor is considered the most serious in the US electric vehicle market?

• Ford

• Nissan

• Tesla

• General Motors

What is the company's strategy to maintain its market share in China?

• Reducing production costs

• Investing heavily in EV production and software capabilities

• Focusing on hybrid vehicles

• Expanding into rural areas

What is the company's approach to dealing with different data ecosystems globally?

• Ignoring local regulations

• Focusing only on the US market

• Adapting to different ecosystems and working with local technology players

• Standardizing data practices worldwide

How is the company planning to enhance its software capabilities?

• By focusing solely on hardware improvements

• By reducing software investments

• By acquiring companies and hiring engineers

• By outsourcing all software development

What challenge is associated with the new emissions rules announced by the European Commission?

• Reducing vehicle sizes

• Increasing the number of gas stations

• Increasing fuel prices

• Scaling up battery production

When does the company expect the semiconductor shortage to alleviate?

• In the next few weeks

• By the end of the year

• Within two years

• It is not expected to alleviate