New S60 is first Volvo to ditch diesel

  • New S60 is first Volvo to ditch diesel

New S60 is first Volvo to ditch diesel

"Our future is electric and we will no longer develop a new generation of diesel engines", said Håkan Samuelsson, president and chief executive of Volvo Cars.

The Swedish auto maker is expected to announcement today at the Financial Times' Future of the vehicle Summit in London.

Instead, Volvo will launch the next-generation S60 with four-cylinder engines and two plug-in hybrid powertrains.

Toyota has removed diesel from all of its cars, only now offering diesel versions of the Hilux pick-up truck, while Fiat Chrysler is expected to keep diesel options in just some of its largest vehicles, classing them as light commercial vehicles rather than cars. "The new S60 represents the next step in that commitment", he has said.

"We're not saying diesel is more dirty", Samuelsson told the FT ahead of the speech, "But it's more complicated and more expensive".

Meanwhile, Fiat Chrysler Automobiles will cease to offer diesel versions for its Alfa Romeo, Fiat, Jeep and Maserati brands by 2022, as chief executive 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.

The new S60 is yet to be revealed, but it will be based on the same platform as the V60 estate, which was launched earlier this year and is available with diesel engines. The Charleston plant will be the only manufacturing location for the new S60.

The company reiterated its goal of launching only electrified models starting next year.

Samuelson said hybridisation could be the key to helping petrol cars match the Carbon dioxide emissions targets of diesel cars while offering superior fuel economy.

Volvo Cars last month reinforced its electrification strategy by stating that it aims for fully electric cars to make up 50% of its global sales by 2025.