Volkswagen Group has made a big revelation about changing its trade name in the United States. The company has planned to change its name to 'Voltswagen' as it increasingly focuses its production on electric vehicles. It is trying to distance itself from a scandal over fraud in the measurement of emissions of its vehicles.
German auto giant Volkswagen scheduled the official announcement of changing its name on Tuesday. The company on its official website posted in brief a statement announcing the name change but later the statement was withdrawn. Meanwhile, VW is accepting bookings for its newly launched ID.4 electric SUV. The sale of the model is only in the United States and surprisingly it is the company's only new electric model for sale, although there are plans for more. Even with the ID.4 for sale, only a small fraction of Volkswagens on American roads will carry the 'Voltswagen' name.
According to reports, in the near future in the USA the company's vehicle will continue to be gasoline-powered and will continue to be branded Volkswagen. The Volkswagen Group of America name, which also includes the Audi, Bentley, Bugatti, and Lamborghini brands, will not change. Rather, only the "K" in the Volkswagen brand will be changed to a "T".
The sources say that the company in its electric vehicles will carry an exterior badge with the name 'Voltswagen', while gasoline vehicles will still have the usual 'VW' but no trade names. The German automaker has been trying to clean up its image after US authorities discovered in 2015 that its so-called "clean" diesel vehicles cheated in emissions tests. After which VW pleaded guilty in 2017 and two people ended up in jail. The company also agreed to pay $ 4.3 billion in civil and criminal penalties.