- France will phase out tax breaks on diesel vehicles as a consequence of the Volkswagen (VLKAY) emissions scandal. The adjustment on diesel and gas taxes will begin with the 2016 budget.
- Health and pollution concerns were already chipping away at diesel's reputation before the Volkswagen revelation.
- LMC Automotive estimates the percentage of diesel cars sold in Europe will fall to 35% by 2022 after being 53% last year.
- German automakers (OTCPK:DDAIF, BAMXY, VLKAY) and French automakers (OTCPK:PEUGF, OTC:PUGOF, OTC:RNSDF, OTCPK:RNLSY) may have to adjust strategy to account for the decline of diesel.