Volkswagen has said it will change the name of its US operations to Voltswagen of America in a bid to emphasis its electric ambitions – but a report has suggested the announcement is a marketing stunt.
News of the name switch first leaked on Monday, and was confirmed in an official statement by the firm (today). Before VW confirmed the move, there had been suggestions that the release was a leaked April Fools' Day joke. But citing three sources Reuters has now reported that the name change is a publicity stunt, with Voltswagen of America due to announce tomorrow (Wednesday) that it will not be rebranding.
According to the announcement, the rebrand to Voltswagen of America will begain from May 2021, and will include new brand guidelines and a redesign for Volkswagen’s website in the US.
“We might be changing out our 'K' for a 'T', but what we aren't changing is this brand’s commitment to making best-in-class vehicles for drivers and people everywhere,” said Scott Keogh, president and CEO of Voltswagen of America. “The idea of a ‘people’s car’ is the very fabric of our being. We have said, from the beginning of our shift to an electric future, that we will build EVs for the millions, not just millionaires.”
In the announcement, Voltswagen said it will run as an exterior badge on every electric VW, whereas ICE cars will stick with the current VW emblem. Further differentiation will be reflected in the colour scheme: on electric cars, the lettering will be displayed on a light blue background, but ICE cars will retain the existing logo against a dark blue backdrop.
A spokesperson for VW UK said there is no plan to change the name in the UK, where cars will continue to follow the Volkswagen ID nomenclature, currently being used on the recent ID 3 and ID 4.
VW UK did use 'Voltswagen' for a social media campaign last year, but that’s as far as the exercise will go on these shores.
The US announcement comes off the back of considerable investment in electric vehicles from the German manufacturer. Boss Ralf Brandstätter confirmed recently that the firm is planning to launch at least one new EV per year and has pledged that more than 70% of its cars sold in Europe will be fully electric by 2030 and more than 50% will be EVs in China and the US.