Daimler CEO mulls JVs with Apple, Google: magazine
Get Alerts AAPL Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Join SI Premium – FREE
BERLIN (Reuters) - Daimler's
"Many things are conceivable," Daimler CEO Dieter Zetsche said in an interview with quarterly magazine Deutsche Unternehmerboerse published on Friday.
The emergence of self-driving and connected cars has made software a key component in future cars, opening the market to new entrants like the U.S.-based technology giants.
"Google and Apple want to provide system software for cars and bring this entire ecosystem around Apple and Google into the vehicle," Zetsche said. "That can be interesting for both sides."
His comments echoed those of German rival Volkswagen,
One option could be for Daimler to build cars as part of a joint venture by using the digital expertise of its U.S. partners, Zetsche said, but added that his comments were "purely theoretical".
Zetsche said Daimler would not allow itself to be demoted to the role of dumb supplier, simply producing cars for the Silicon Valley giants.
"We don't want to become contractors who have no direct content with customers any more and supply hardware to third parties," he said.
(Reporting by Andreas Cremer; Editing by Georgina Prodhan)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies on iPhone: 'Lead Time and Resale Prices Indicate Weakness', 'Duo will likely cannibalize 18P/PM'
- Kite Realty Group Trust files for 12M share offering by selling stockholders
- Enablence closes C$25M private placement with Collingwood Investments
Create E-mail Alert Related Categories
Corporate News, Reuters, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share