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FCA Boss Thinks Diesel is Dead

FCA Boss Thinks Diesel is Dead

It sounds like Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne thinks diesel is dead.

Volkswagen‘s massive diesel scandal has already caused several automakers to pull their diesel models from the market, and now Marchionne’s comments suggests FCA is next. “The disengagement is happening,” he said. “Since dieselgate, the share of diesel sales has reduced month by month. There’s no point denying that, and it’s clear that the cost of making diesel reach the new standards is going to become prohibitive.”

His comments don’t come as a real surprise, especially since Marchionne is one of the more blunt CEOs out there. One could argue that other automakers are thinking the same, but are just afraid to say it.

SEE ALSO: Is Europe Finally Abandoning Diesel Cars?

Unfortunately, actions speak louder than words, and it’s clear some automakers are moving away from diesel as quickly as possible, Volkswagen included. Marchionne’s comments come ahead of the FCA Group’s unveiling of its next five-year plan to investors on June 1. The automaker has already confirmed it will end sales of diesel models for its Alfa Romeo, Fiat, Jeep, and Maserati brands by 2022 and will instead focus on electrification.

Marchionne’s parting words are even a stronger indicator of how he feels about diesel: “Whatever the arguments on each side, the markets have turned against diesel and almost killed it. I’m not sure we have the strength as the FCA Group or as an industry to turn it around.”

[Source: Autocar]