VW to Promotes Electric Shift with New Name: Voltswagen


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German carmaker Volkswagen accidentally spilled the beans Monday that its U.S. operations will soon be called “Voltswagen of America,” to emphasize its electric vehicle efforts, CNBC reported.

Why it matters: Legacy automakers have a lot of baggage to overcome in their effort to successfully challenge Tesla, the leader in electric vehicles. VW, for example, pivoted to EVs after its disgrace from a multi-billion dollar diesel emissions cheating scandal.

Driving the news: The company Monday accidentally posted a press release on its website a month early announcing the change, according to CNBC.

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