Also Porsche will no longer make diesel-powered vehicles
Porsche will no longer build diesel-powered vehicles, opting instead for investments in electric and hybrid technology.
The decrease in demand (at a global level was only 12% in 2017), combined with the fallout from the emissions scandal, has accelerated the farewell to diesel engines, which the company has not offered in its range since February.
Meanwhile, interest in hybrid models has grown, about 63% of the Panamera models are ordered as a hybrid model.
"Porsche has no intention of demonizing the diesel engine, but as a sports car manufacturer for which diesel engines have traditionally played a subordinate role, we have come to the conclusion that we can survive without diesel models in the future" said Lutz Meschke, Porsche's deputy chairman and board member.