RENNINGEN, Germany (Reuters) -- Robert Bosch has not seen any change so far in the diesel car market as a result of an emissions scandal that has rocked Volkswagen Group, its CEO said today.
"It will depend, though, on an active campaign for diesel to quickly dispel the current uncertainty that many consumers are feeling," Volkmar Denner told reporters at the opening of a new research center in the German town of Renningen near Stuttgart.
Volkswagen, Europe's largest carmaker, last month admitted to cheating U.S. diesel emissions tests, sparking a crisis that unseated its CEO and wiped around a quarter off its market value.
Bosch is the maker of diesel engine components, including management software, used by VW in its 2.0 liter EA 189 engine. U.S. officials said last week that Bosch software used in the engines was not pre-programmed to detect when a vehicle was undergoing laboratory emissions testing.
Denner said that VW had not started talks to demand lower prices, following a media report that VW planned to extract $3.4 billion in price cuts from its suppliers to help mitigate the costs of the scandal.
German Economy Minister Sigmar Gabriel warned against condemning diesel technology overall but said Germany needed to do better in switching to alternative engines.
He said he favored introducing incentives to reduce the price difference between electric and conventional cars.