Editorial Notes

摘要

Dear Reader, to stay competitive with Tesla, incumbent carmakers are spending tens of billions of euros to develop vehicles that are electric and software defined. The spending is welcome, but it is long overdue. In an attempt to rationalize those belated investments, a number of carmakers have been promoting to investors the expectation that much of that spending will be returned by annually selling tens of billions of euros' worth of software-enabled features and subscriptions to customers throughout the vehicle's life.