Volvo to stop developing new diesel engines

Volvo has announced that it will no longer be developing new diesel engines, Reuters has reported

The car maker’s chief executive, Hakan Samuelsson, has said that the firm will “not develop any more new - generation diesel engines”, as a result of the costs associated with reducing emissions of nitrogen oxide.

Samuelsson went on to say that Volvo would keep developing current diesel-powered models introduced in 2013 to meet future emissions standards, but then the costs of keeping them compliant with higher anti-pollution standards would no longer be worth it, with the current generation likely to be produced until about 2023.

Volvo is now set to invest in electric and hybrid cars, with the first all-electric model expected for 2019.