Porsche Is Ditching Diesel Cars. Will Other Automakers Follow?

After three years of Dieselgate, Porsche poahy has become the first German automaker to drop diesel cars altogether.

"There won't be any more Porsche diesels," CEO Oliver Blume told German newspaper Bild on Sunday, adding that the company will focus its attention on electric and hybrid cars. Porsche is spending $7.4 billion to electrify half of its lineup by 2025.

In a statement, Blume said, "Porsche is not demonizing diesel. It is, and will remain,...

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