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Volkswagen CEO sees no diesel in future of US business

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January 1, 2017January 1, 2017

Volkswagen will no longer offer diesel vehicles in the United States, its global brand chief said, ending speculation the company might return to the technology after its emissions scandal fades from memory. Volkswagen brand Chief Executive Herbert Diess, said, “Once a quarter of the brand’s US sales – could be a part of Volkswagen’s future US lineup.”

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

Volkswagen reached a $14.7 billion settlement with 475,000 US owners of diesel vehicles and federal and California regulators in October after admitting to installing secret software in its diesel cars to cheat emissions tests. In September, Diess told at the Paris Auto Show the company was not yet ready to abandon diesel technology, and could continue to offer diesel models for the US market.

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