VW CEO Sees a Lot of Challenges Ahead in 2021

The transcript discusses the challenges and strategies of the automotive industry, particularly focusing on electric vehicle (EV) sales and the impact of semiconductor shortages. It highlights the efforts to manage production amidst these shortages, including optimizing product lines and focusing on high-margin vehicles. The conversation also covers investments in technology and software, competition with Tesla, and the impact of rising commodity prices on pricing strategies.

What is one of the main challenges Volkswagen is facing in 2021?

• Increased competition from new entrants

• Lack of demand for electric vehicles

• Semiconductor shortages

• High employee turnover

How long is the semiconductor shortage expected to last according to the discussion?

• Indefinitely

• At least until next year

• A few months

• A few weeks

What strategy is being used by carmakers to cope with semiconductor shortages?

• Increasing production of all models

• Cutting out certain vehicle functions

• Reducing vehicle prices

• Hiring more employees

What is Volkswagen's approach to technology and software in their vehicles?

• Focusing solely on hardware improvements

• Investing in a software subsidiary

• Avoiding technology investments

• Outsourcing all software development

What is Volkswagen's target for EV sales in 2021?

• 500,000 EVs

• 750,000 EVs

• 1,000,000 EVs

• 1,500,000 EVs

How are rising commodity prices affecting Volkswagen?

• They are reducing production costs

• They are leading to higher vehicle prices

• They have no impact on the company

• They are causing a decrease in demand

What is a potential benefit of strong demand despite supply constraints?

• Reduced pricing power

• Higher dealer markups

• Increased production costs

• Lower consumer interest