AGL 37.93 Decreased By ▼ -0.09 (-0.24%)
AIRLINK 210.51 Increased By ▲ 13.15 (6.66%)
BOP 9.72 Increased By ▲ 0.18 (1.89%)
CNERGY 6.40 Increased By ▲ 0.49 (8.29%)
DCL 9.15 Increased By ▲ 0.33 (3.74%)
DFML 37.38 Increased By ▲ 1.64 (4.59%)
DGKC 98.90 Increased By ▲ 2.04 (2.11%)
FCCL 35.50 Increased By ▲ 0.25 (0.71%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.38 Increased By ▲ 1.21 (9.19%)
HUBC 131.30 Increased By ▲ 3.75 (2.94%)
HUMNL 13.77 Increased By ▲ 0.27 (2%)
KEL 5.50 Increased By ▲ 0.18 (3.38%)
KOSM 7.29 Increased By ▲ 0.29 (4.14%)
MLCF 45.15 Increased By ▲ 0.45 (1.01%)
NBP 61.74 Increased By ▲ 0.32 (0.52%)
OGDC 221.50 Increased By ▲ 6.83 (3.18%)
PAEL 40.90 Increased By ▲ 2.11 (5.44%)
PIBTL 8.49 Increased By ▲ 0.24 (2.91%)
PPL 200.80 Increased By ▲ 7.72 (4%)
PRL 39.70 Increased By ▲ 1.04 (2.69%)
PTC 27.65 Increased By ▲ 1.85 (7.17%)
SEARL 108.50 Increased By ▲ 4.90 (4.73%)
TELE 8.57 Increased By ▲ 0.27 (3.25%)
TOMCL 36.29 Increased By ▲ 1.29 (3.69%)
TPLP 13.70 Increased By ▲ 0.40 (3.01%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.44 Increased By ▲ 1.47 (4.46%)
WTL 1.69 Increased By ▲ 0.09 (5.63%)
BR100 12,138 Increased By 411.7 (3.51%)
BR30 37,738 Increased By 1361.2 (3.74%)
KSE100 113,215 Increased By 3702.3 (3.38%)
KSE30 35,753 Increased By 1239.9 (3.59%)
Business & Finance

VW confirms it will rebrand its US unit as 'Voltswagen'

  • The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker's US website.
  • 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.
Published March 30, 2021

WASHINGTON: German automaker Volkswagen AG's US unit confirmed Tuesday it will rename its US operations as "Voltswagen of America" as it shifts its focus to electric vehicles.

The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker's US website.

"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 in a statement.

The German automaker has committed to sell one million EVs worldwide by 2025 and will launch 70 electric models launched across the VW group brands by 2029.

Comments

Comments are closed.