Volkswagen will not change name of U.S. operations: sources

WASHINGTON (Reuters) - Volkswagen AG's U.S. unit will not change its name even after the German automaker issued a statement on Tuesday saying it would, three sources briefed on the matter said.

The German automaker's news release saying it would change its name to "Voltswagen of America" was a marketing stunt aimed at drawing attention to the company's electric vehicle plans, the three sources said. The fake announcement drew massive media coverage, and the automaker currently plans to announce on Wednesday it is not serious about changing its name, the sources said.

(Reporting by David Shepardson; Editing by Leslie Adler)

You May Also Be Interested In

• Volkswagen workers voice opposition to possible plant closures
• How real is the crypto rebound? This analyst answers
• Analyst calls MU, SNDK pre-market drop on CXMT Apple report an overreaction