Burned by scandal, Porsche CEO says it's done building diesel cars

Ivan Schwartz
September 24, 2018

Porsche said its hybrid cars are becoming increasingly popular, with about 63 percent of buyers of the four-door Panamera coupe in Europe opting for the partly electric version.

Blume said that Porsche was owning up to the issue, adding it affected about 13,500 diesel vehicles and that the carmaker was also examining petrol cars as a precautionary measure. He was quoted as saying the company wants to concentrate on "what we can do particularly well", citing high-performance gasoline models, hybrids and starting next year electric cars.

"Porsche doesn't condemn diesel".

Over the course of 2017 only 12 per cent of its cars sold worldwide were diesel. The company admitted that about 13,500 diesel Cayenne models had an illegal engine charge control that, according to the German magazine, Bild am Sonntag was used to cheat on diesel emissions tests. "The diesel crisis caused us a lot of trouble", said Blume.

As a result, carmakers around the world have ramped up spending on the development of electric cars, hoping to catch up with pioneer Tesla TLSA.O.

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This push for green may be in part thanks to a more public understanding of the effects of the automobile industry on climate change as well as the Volkswagen's diesel disaster which cost them $4.3 billion in the US and $17.5 billion in Europe in compensation and environmental cleanup. "Still, Porsche's image has suffered".

Many German cities have received permission to ban diesel cars from the municipalities.

Existing diesel auto customers would continue to be served, he said.

Regardless of the reasoning, Porsche's decision to end diesel cars may prompt other companies to do the same. Next year, it will launch the Taycan, which it says is its first fully-electric sports vehicle.

Other reports by GizPress

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