Volvo Cars to stop developing new diesel engines, CEO confirms

Hakan Samuelsson CEO of Volvo Car Group in Detroit Michigan U.S

It appears that Volvo is staying true to their words after Samuelsson said that they have stopped development on diesel engines.

He told German newspaper Frankfurter Allgemeine Zeitung "From today's perspective, we will not develop any more new-generation diesel engines".

Volvo predicts that with mid-cycle improvements the engine will be useful until about 2023, but that the cost of developing a new diesel engine after that will be too high to be feasible. That's down to anticipated high costs for making diesels compliant with upcoming emissions standards.

After that, count on seeing more electrified Volvos - starting with the Swedish automaker's first all-electric auto, due out in 2019.

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Samuelsson said that in view of Tesla's success in the electric vehicle segment, Volvo should be able to come up with worthy contenders in the electric auto category which offer customers high quality and attractive design.

Instead, Volvo will invest in the electric and hybrid cars, with its first pure electric model due on the market in 2019. In one of his previous statements, he said that tighter emissions regulations will eventually inflate the price of diesel cars to the point where they will be at par with plug-in hybrid cars and the latter would then become an attractive alternative.

The European market is the biggest market in the world for diesel cars, with such vehicles accounting for over 50 percent of all new registrations in the region.

The scandal over Volkwagen's VOWG_p.DE cheating of US environmental tests to mask emissions of nitrogen oxides, which can cause or aggravate respiratory disease, means manufacturers are facing intense scrutiny over the true level of pollutants being emitted by their cars.

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