Volvo "Will No Longer Develop a New Generation of Diesel Engines"

Volvo S60

Volvo S60

Volvo is jumping onto the anti-diesel bandwagon, the Swedish carmaker announcing that it plans to completely eliminate diesel engines from its line-up.

The company reiterated its goal of launching only electrified models starting next year. Volvo was the first manufacturer to announce an all-electric future for its vehicles back in 2017. "We will phase out cars with only an internal combustion engine, with [gasoline] hybrid versions as a transitional option as we move towards full electrification".

Volvo has confirmed its upcoming S60 sedan won't offer a turbodiesel engine. Come 2019, every Volvo in the lineup will be available as a mild-hybrid, plug-in hybrid, or battery-powered electric vehicle. "The new S60 represents the next step in that commitment", he has said. The automaker says the auto will feature pure gasoline and two plug-in hybrid options at launch, with mild hybrid versions to follow in 2019.

The S60, which is based on the same SPA chassis technology as the V60 and the larger S90, V90 and XC90, will be launched with a range of four-cylinder Drive-E petrol engines and a plug-in hybrid edition.

Karnataka elections: Will Rahul Gandhi's bet on Bengaluru pay off?
All ministers in the Modi cabinet will visit different states and will hold press conferences to disseminate the Centre's achievements.

NCLT approves Tata Steel's bid for Bhushan Steel
Acquisition of BSL will be a key element in Tata Steel's domestic growth strategy under new Tata Sons chairman N Chandrasekaran. The employees had contended that Tata Steel was not eligible under section 29 (A) of the Insolvency and Bankruptcy Code (IBC).

GameStop (GME) Bonds Trading 0.8% Lower
The shares recently went down by -2.46% or -$0.32 and now trades at $12.71. 25,706 are owned by Liberty Mutual Gp Asset Mgmt Inc. Jane Street Group Incorporated Ltd Liability Co invested in 83,334 shares or 0% of the stock. (NYSE: GME ) is 2.968783.

Meanwhile, Fiat Chrysler Automobiles NV will cease to offer diesel versions for its Alfa Romeo, Fiat, Jeep and Maserati brands by 2022, as Chief Executive Officer Sergio Marchionne sees hybrid vehicles as the way to meet goals on Carbon dioxide reduction - with diesel sales unlikely to recover.

Production of the new S60 will start this autumn at Volvo Cars' brand-new manufacturing facility outside Charleston, South Carolina. Interestingly, the plant will be the sole hub for the S60, meaning USA -built S60s will be sold worldwide.

But this is not going to happen overnight, as Volvo expects fully-electric cars to account for just 50 percent of its global sales by 2025 and even that estimation is perhaps a bit ambitious.

The decision to make a diesel-free S60 doesn't affect Americans.

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