Though it sounds like an April Fools' joke gone awry, a senior employee at Volkswagen of America, who asked not to be named, confirmed to Road & Track that the name-change announcement was genuine, and had been erroneously published ahead of schedule. As noted by CNBC, the release—which was incomplete, and had notes indicating that further photographs and quotes were to be added before publication—explained how Voltswagen and VW badging would co-exist for at least a certain amount of time after the name change kicked in.