Diesel-powered passenger vehicle sales are declining in Europe as governments put more pressure on automakers to cut production and sales in the post-Volkswagen diesel emissions cheating scandal landscape. Diesel passenger vehicles are continuing to see sales decline in Europe. In February, diesel car share dropped to 39 percent of the share from 46 percent a year ago. New vehicle registrations increased 4.2 percent to 1.16 million during the month, led by car buyer interest in gasoline-powered SUVs. This sales trend has been in the works for a while. During 2017, sales of diesel-powered passenger vehicles dropped nearly 8 percent, reaching its lowest level in eight years. Consumer confidence in diesel is being undermined by government threats of penalty taxes, upcoming city driving bans, and falling used vehicle values. In February, Germany’s top administrative court ruled that its cities can ban diesel vehicles to improve air quality. It could impact […]