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Volkswagen of America’s alleged name change to “Voltswagen” was an April Fool’s joke gone bad.
The automaker briefly posted and then deleted a draft press release on its brand website on Monday, sparking media speculation that the company was changing its name to promote electric vehicles. VW released on announcement in its entirety Tuesday, promising to rename “Voltswagen” in the United States, “a public statement of the company’s future investment in electric mobility.”
Later Tuesday, the company confessed.
“The name change was designed to be an April Fools’ Day announcement,” VW said in a statement after removing the release from its US news site. “We will be providing additional updates on this shortly.” Earlier, a VW spokesperson at the German automaker’s headquarters in Wolfsburg called it an “interesting idea” from the marketing department.
Volkswagen may have gone too far in its efforts to create the buzz for VW’s electrification push and the ID.4 electric crossover, which is hitting U.S. showrooms. CEO Herbert Diess has taken on a more colorful role on Twitter and professed his admiration for Tesla Inc. CEO Elon Musk, all as part of an effort to make VW an electric pioneer and move away the Dieselgate scandal company.
Not funny
These stakes are too high to joke, said Tom Morton, chief strategy officer for the United States at advertising firm R / GA in New York City.
“This is the auto industry’s most pressing challenge: ‘Can you go electric? Said Morton. “Choosing to joke about it undermines their engagement.”
The German automaker has become a stock market darling of late with its announcements of fast electric vehicles. Common stocks climbed 88% in 2021, giving it a market value of 144.1 billion euros ($ 168.7 billion).
Diess hosted a Tesla-esque “Power Day” presentation earlier this month in which he pledged to build six new battery factories in Europe. VW plans to deliver 1 million plug-in hybrid and fully electric vehicles this year, and Diess aims to outperform Tesla in electric vehicle sales by 2025. Some analysts predict that will happen much sooner.
It’s not uncommon for companies to use humor to publicize radical change, Morton said. IHOP renamed itself IHOB – the International House of Burgers – to bring attention to its lunch menu.
“This is mostly done by the fast food brands, where the stakes are lower and they need a bit of a hype,” Morton said. “This is a fundamental change of direction for an industry that shapes the world and also an industry where there is a lot of baggage.”
Prior Gaffe
It wouldn’t be the first time VW has made a marketing blunder. The automaker sparked an uproar last fall with a video clip showing a black man being controlled by a giant white hand.
The clip produced by the Berlin subsidiary of Omnicom Group Inc., sparked widespread criticism and tension within the company. The powerful union representatives of the German manufacturer called it a “low point” and demanded an overhaul of marketing on social networks.
(Updates with the company statement in the third paragraph.)
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