Posted By RichC on September 24, 2018
Porsche announced Sunday that it would focus on hybrid and electric technology and will no longer make diesel-powered vehicles.
The announcement comes five months after a senior manager at Porsche in Germany was arrested in connection with an investigation into diesel emissions rigging by Porsche’s parent company, Volkswagen.
Just 12% of Porsche’s global sales came from diesel cars in 2017. The company hasn’t had a diesel car in its portfolio since February and hasn’t offered a diesel model in the United States since November of 2015, a Porsche spokesperson told CNN.
Porsche said in a press release that demand for electric and hybrid vehicles has soared, but the market for diesel is shrinking.