Volvo Cars to stop developing new diesel engines
Swedish carmaker Volvo will not develop any new diesel engines as the cost of reducing emissions of nitrogen oxide is becoming too expensive, chief executive Hakan Samuelsson was quoted as saying on Wednesday. Current generation of diesel engines likely to be produced until 2023.
“From today’s perspective, we will not develop any more new-generation diesel engines,” Samuelsson told German’s Frankfurter Allgemeine Zeitung in an interview.