UPDATE: March 30 Volkswagen has revealed that its announcement about changing its name to Voltswagen was merely an early April Fools joke.

Volkswagen of America will not be changing its name to Voltswagen, the company said in a statement to CNN Business. It added that the announcement was in the spirit of April Fools Day and meant to highlight the launch of an all-electric SUV and the brands commitment to bringing electric mobility to all.

PREVIOUSLY:

The iconic Volkswagen brand is preparing to change its name to Voltswagen in the U.S. to highlight its massive investment in electric vehicles.

The German automakers announcement about the name change appeared briefly on its media website Monday before it was yanked; it was apparently released too soon , reported USA Today. Officials were mum about the premature announcement, but a source confirmed to the newspaper, CNBC and other media that the statement was accurate .

More than a name change, Voltswagen is a public declaration of the companys future-forward investment in e-mobility, said the statement before it was pulled.

The name change was supposed to happen in May.

The new name and branding symbolize the highly-charged forward momentum Voltswagen has put in motion, pursuing a goal of moving all people point-to-point with EVs, the release said.