Japanese carmaker Nissan will gradually stop selling diesel cars in Europe, in a further sign of weakening demand for those cars as customers worry about tax rises and looming bans and restrictions related to diesel in many countries. A Nissan spokeswoman said there would be a gradual withdrawal of diesel cars in Europe. A source had earlier told Reuters last month that Nissan would cut hundreds of jobs at its Sunderland plant, Britain's biggest automotive factory, due to falling demand for diesel models in Europe.
The auto industry and its suppliers are facing a global regulatory crackdown on diesel emissions and are adjusting their businesses, including investing heavily in electric vehicles. German carmaker Volkswagen is also still in the process of emerging from a 2015 emissions cheating scandal that resulted in about $30 billion in fines and other costs.
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