A lot of people are not laughing. Something about market manipulation:
Volkswagen pulls name-change stunt after it backfires on social media$1:
The statement was criticized on social media, with some commentators recalling the company’s diesel-emissions scandal and years of misleading customers and regulators.
Automotive News, in a blog post titled “VW lied to sell diesels; now it lied to sell EVs,” said the automaker “still seems to think lying to the public is an acceptable corporate strategy.”
The initial statement outlining the name change, posted on its website and accompanied by tweets, was reported by Reuters and other outlets globally and included a detailed description of its purported rebranding efforts and new logos.
The company pulled it late on Tuesday.