Porsche to stop offering diesel models: CEO Oliver Blume

Porsche's CEO Oliver Blume on Sunday said that the sports car maker won't offer any new diesel models in the wake of parent company Volkswagen's diesel emissions scandal. Blume further said, "Porsche is not demonising diesel. It is, and will remain, an important propulsion technology." Porsche's existing diesel customers would continue to be served, he added.