(CNN Business) In a move intended to reflect its new push into electric vehicles, Volkswagen's US arm said Tuesday it was changing its name to "Voltswagen." On Tuesday afternoon, the company admitted that the whole thing was a tongue-in-cheek deception that had turned into an utter disaster. "Volkswagen of America will not be changing its name to Voltswagen," the company said in a statement sent to CNN Business. The debacle began Monday with what seemed to be a shocking goof — pun absolutely intended — when Volkswagen of America briefly posted an unfinished press release announcing a plan to change its name to Voltswagen. Becauseis selling electric vehicles now.

Source: CNN March 30, 2021 13:13 UTC