VW Says Cars Will Become Sophisticated Internet Devices

The transcript discusses the transition of a global industrial company into a software powerhouse, focusing on the integration of software in cars. It highlights the current state of digital processes and the future evolution towards driverless cars. The company is investing significantly in building software capabilities, acquiring companies, and hiring skilled personnel. The vision for 2030 includes autonomous cars where people can engage in various activities while traveling.

What is one of the key challenges in transforming a traditional industrial company into a software powerhouse?

• Lack of interest in software

• Shortage of manufacturing plants

• High cost of raw materials

• Complexity of integrating software

How does the complexity of car software compare to that of smartphones?

• Car software is not comparable

• Car software is more complex

• Car software is equally complex

• Car software is less complex

What is the significance of digital processes in the automotive industry?

• They increase the cost of production

• They limit the variety of car models

• They enhance the efficiency of buying and getting information about cars

• They reduce the need for skilled labor

What is the annual investment mentioned for building software capabilities?

• 2.5 billion

• 1 billion

• 5 billion

• 10 billion

By what year does the speaker envision many cars driving autonomously?

• 2025

• 2050

• 2030

• 2040