Continental says yes to EVs, no to diesels

While many automakers are getting a bit bullish about diesel cars in America (see Mercedes, Nissan and VW), a board member of parts supplier Continental AG told Handelsblatt (via Thompson Financial) that an overall downturn in diesel interest in the U.S. means his company is looking more toward electric cars than diesel-powered ones. Board member Karl-Heinz Neumann said, "Regarding diesel fuel, I'm more sceptical by now. There's not much happening in the U.S. The opportunities of the electrical car have surprised all of us."

Neumann's stance is bolstered by Ford's recent decline in diesel truck sales and, more importantly, by a recent Conti study that showed high consumer interest in zero-emission vehicles. Making the shift to EV support is not a problem for the supplier, because Conti is well into setting up advanced battery deals with some automakers. The lithium-ion battery in the upcoming Mercedes-Benz S400 BlueHybrid will be from Continental and then there's that whole Chevy Volt thing.

[Source: Thompson Financial]

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