Earlier quoted context omitted.
Computer Engineering is generally hardware and firmware design, something that is becoming less and less important as generalized processors have become smaller, cheaper, and more powerful. At this point, almost everything can be done in software, so a Computer Science degree is more important. Also, your Audi/Mercedes analogy is flawed. Physicists and engineers are very different, and if they needed more engineers,…
Computer Engineer here- while I would selfishly argue that Computer Science is not more important , the CS field is even now still growing, while our field is contracting. I do not expect ours to ever go away entirely, but the answer is not to make everyone a CE. I think maybe what mjwalshe is thinking about, is the Computer Scientist graduates who cannot even program.
My first job after school (as a technical programmer) was at an Elite RnmD organistion (our boss was the mechanical engineers president at the time) and I remember I was told one way to think about it is that "engineers" are scientists with thumbs.