Posted September 07, 2019 04:53:47In a wide-ranging interview, CNN’s Fareed Zakaria says that if Google had gone with Kia, the former would be “the winner” but if Kia had gone the way of Samsung, “the other one” would be the winner.
“Google was the winner because it was a better product, but it was the loser in a sense because it didn’t deliver the product,” Zakaria said.
“And it was Samsung, Samsung, who had this incredible product that made up the majority of the market, so the competition was going to be there.
And so it’s the winner in this sense.
And the other one is the fact that Google’s a great company.”
“Samsung was a bad product,” he added.
For its part, Kia has responded to the CNN segment in a blog post titled “The Future of Mobility: How we want to move beyond our cars.”
Kia, which was founded in 2003, is now owned by a private equity firm.
The post includes a statement from Kia President and CEO Richard Yu, who says that the company is “currently focused on delivering the next phase of Kia’s business transformation and expanding its presence in key global markets, including the U.S. and China.”
Kia has a market cap of about $18 billion, according to Bloomberg data.