By Christoph Steitz
FRANKFURT (Reuters) – Volkswagen’s (DE:VOWG_p) Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead.
Volkswagen has admitted to deliberately cheating diesel emissions tests, sending shockwaves through the automotive industries and causing a sector-wide crackdown on polluting diesel engines.
As a result, carmakers around the world have ramped up spending on the development of electric cars, hoping to catch up with pioneer Tesla (O:TLSA).
“Porsche is not demonizing diesel. It is, and will remain, an important propulsion technology,” Porsche Chief Executive Oliver Blume said in a statement.
“We as a sports car manufacturer, however, for whom diesel has always played a secondary role, have come to the conclusion that we would like our future to be diesel-free.”