Daimler CEO: Apple is making more progress on a car than he expected

Daimler CEO Dieter Zetsche told German weekly Welt am Sonntag — as reported by Reuters — that a recent trip to Silicon Valley revealed that Apple and Google have made more progress on automotive projects than he had assumed.

"Our impression was that these companies can do more and know more than we had previously assumed. At the same time they have more respect for our achievements than we thought," Zetsche told the paper.

He and a handful of senior managers met with around 70 companies in Silicon Valley, the paper said, though it didn’t name the companies.