VW to Promotes Electric Shift with New Name: Voltswagen

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.