Porsche brings diesel vehicle production to a screeching halt

Porsche Panamera

The Porsche Panamera 4S Diesel was ditched in February Porsche will launch its first electric sports car the Taycan next year Close

Porsche AG will stop offering diesel versions of its cars, marking the latest blow for the technology that has come under intense scrutiny by regulators and environmental groups. In fact, the upcoming Porsche Taycan, which is set to make its debut in 2019, will be the carmaker's first fully-electric sports vehicle.

Porsche was forced by the regulator in May to recall nearly 60,000 Cayenne and Macan diesel cars because of illicit engine functions. "It is, and will remain, an important propulsion technology", Porsche Chief Executive Oliver Blume said in a statement. Much like its parent company, Volkswagen, Porsche clearly states that diesel has its place in the industry; just not with a sports vehicle manufacturer.

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

The Stuttgart-based company never confirmed if it was ditching diesel for good, and there had been some expectation for the company's new Cayenne to eventually adopt diesel engines. Nevertheless, Porsche's image has suffered.

Diesel versions of cars like the brand's Cayenne and Macan sports utility vehicles accounted for 12 percent of global sales past year, according to the statement. This is a state of affairs that will be prolonged indefinitely, as Porsche officially announced on Sunday it has chose to completely give up on diesel engines, at least for the foreseeable future.

Porsche will be launching next year its first fully electric vehicle, the Taycan, opening a new front for the brand.

Some German cities have banned older diesel cars from their streets and the ongoing investigation into the diesel emission scandal continues. "The diesel crisis has caused us a lot of trouble", Blume said in a separate interview with weekly Bild am Sonntag.

Miami Heat are aggressively pursuing a trade for Jimmy Butler
Sailor Abhilash Tomy 'conscious, talking' after rescue off WA coast