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VW confirms it will rebrand US unit as 'Voltswagen'

German automaker Volkswagen has announced on Tuesday its U.S. operations will be renamed 'Voltswagen of America' by shifting its emphasis on electric vehicles.

The name is changed in May and it was announced that a draught release was erroneously posted to the automaker's US website after many outlets on Monday.

"We may have changed our K to T, but the dedication of this brand to make the most excellent vehicles for drivers and people everywhere is something that we're not changing," said Scott Keogh, president, and CEO of Voltswagen of America.

By 2025, the German carmaker is dedicated to worldwide producing one million EVs.

For gas powered vehicles the traditional VW Dark Blue logo will stay and a new light blue logo for electric vehicles will be used. "Voltswagen" will only be a VW emblem for the Company as an outdoor badge on all EV models and gas vehicles.

No other VW brands such as Audi, Porsche, or Bentley will be affected by the name change.

VW says that all US properties and dealerships will soon see new exterior and interior signs appearing.

Volkswagen has in 2015 allowed to use illicit software in order to perform diesel engine testing in the United States, which triggered the major corporate crisis of Germany and cost the manufacturer in fines, refits, and legal costs more than €32 billion ($38 billion).

In 1955 in the United States the German carmaker wrote on Twitter: "We know, 66, that your name has been changed at an odd age, but still young at heart."

This year, after its transition to fully electric cars, the second-largest carmaker in the world plans to double the electricity supply and increase its core mark's profits.

The Volkswagen brand is committed to providing electrification and digitalization with 16 billion euros by 2025.

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