Instead, the automaker will focus on the areas of hybrid technology and electromobility - by 2022, it would have invested more than six billion euros (RM29 billion) in e-mobility.
For the sportscar manufacturer diesel "has traditionally played a subordinated role", the statement said. The sportscar unit used adopted diesel motors from VW group sister brand Audi that contained potentially illegal functions for pollution controls.
"The diesel crisis has caused us a lot of trouble", Blume said, months after Germany's Federal Transport Authority ordered the recall of almost 60,000 Porsche SUVs in Europe.
Blume took over for Mueller in 2015, and confirmed Saturday to German newspaper Bild am Sonntag that Porsche was done with diesel.
The move by the German auto maker, which offered diesel options only in its family-focused Cayenne, Panamera and Macan models, follows a collapse in demand since 2015 when parent company Volkswagen was caught installing so-called "defeat devices" to dupe emissions tests.
"We have never developed and produced diesel engines ourselves".
There is a tiny part of us that will miss diesel-engined Cayennes, Macans and Panameras, because for the most part they were really rather good. "Still, Porsche's image has suffered".
Just 12% of Porsche's global sales came from diesel cars in 2017. In fact, the upcoming Porsche Taycan, which is set to make its debut in 2019, will be the carmaker's first fully-electric sports vehicle.
Porsche has sold diesel versions of its cars for almost a decade.