Renault expects diesel engines to vanish from the majority of its European vehicles, company sources informed Reuters, after the French automaker reviewed the costs of conference tighter emissions requirements following the Volkswagen scandal.
The sober reassessment was provided at an internal conference before the summertime break. It demonstrates how, a year after Volkswagen admitted engineering software to cheat U.S. diesel emissions tests, the consequences are forcing significant European automobile makers to rewrite strategic plans that will form their futures for years to come.
Renault and domestic competitor Peugeot, both greatly purchased diesel technology, at first rushed to protect its future viability after the Volkswagen crisis erupted.
However in the July conference, Renault’s Chief Competitiveness Officer Thierry Bollore stated the diesel investment outlook had actually dimmed significantly, according to 2 individuals who were present.
A Renault representative refused to comment.
