Porsche ponders diesel exit, pushes electric cars – CEO

Porsche's latest generation of diesel engines could be its last, Chief Executive Oliver Blume told Reuters, as Volkswagen's cheating on diesel emissions tests starts to cast a shadow over its Porsche sports-car division. Porsche is spending a billion euros ($1.16 billion) to overhaul its main Stuttgart plant and build the brand's first battery-only model, the four-door Mission E saloon which is due on the market in 2019.