For years, Volkswagen set the stage for the comeback for the diesel engine for the U.S. market and its continued growth worldwide. Now it appears to be the leader in killing it.
The German automaker’s recent scandal has not only cast doubt in the minds of potential buyers of diesels, it has other automakers reconsidering their diesel-center plans. Renault executives recently stated that they expect diesel engines to disappear … in Europe.
The announcement came after the French automaker examined the costs of meeting tougher emissions standards after the VW scandal. According to Reuters, the determination was revealed during an internal meeting earlier this summer. (more…)