Volkswagen’s emissions cheating scandal could be the end of any new market for diesel vehicles in North America, Japan and China, according to the CEO of auto supplier Continental, Elmar Degenhart.
In an interview for the daily German newspaper Boersen-Zeitung, Degenhart said that ʺThe diesel passenger car could sooner or later disappear from these markets.ʺ He also stated that diesel has a market share of 1-3% in the U.S., Japan and China, while it holds a massive 53% in Europe.
However, in November, Continental’s finance chief said that the scandal was not having too much effect on diesel markets in the United States and Europe.
Europe’s largest carmaker had been advertising diesel as a clean alternative to gasoline in the U.S. before the cheating-test emissions started in September, affecting car sales for the brand, which was surpassed by Toyota on a yearly total sales.
Degenhart stated that Continental had not given any software to manipulate in the emissions tests to any of the clients it was working with. He stated that “We developed and supplied the engine controllers in line with VW’s specifications. The installation and tuning of the software, the so-called calibration, was done by VW.” He also said that Continental was not aware of any legal investigations against the company on the topic of the scandal.
At the same time, Bosch, which is the biggest auto supplier in the world and Continental’s main competitor is being investigated by public prosecutors from Stuttgart, Germany, to discover if the firm was involved by any sorts in the Volkswagen scandal.