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VW Boss Predicts ‘Renaissance’ for Embattled Diesel Cars

  • Toyota will stop offering diesel models in Europe this year
  • VW sees ‘renaissance’ after $30 billion emissions scandal
Bloomberg business news
Volkswagen CEO Matthias Mueller discusses the future of diesel cars.(Source: Bloomberg)
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Toyota Motor Corp. announced plans to drop diesel models from its European portfolio this year even as Volkswagen AG, which sparked the fury over the technology, predicts a rebound.

The diverging views of the world’s two largest automakers reflects the uncertainty over the future of diesel, which has faced a steady drumbeat of bad news since Volkswagen’s cheating scandal erupted in September 2015. The German auto giant is expecting consumers to forgive and forget soon, as cleaner diesels hit the streets.