{"id":239686,"date":"2021-04-30T18:22:27","date_gmt":"2021-04-30T15:22:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sec-investigating-volkswagens-april-fools-prank-report-says\/"},"modified":"2021-04-30T18:22:27","modified_gmt":"2021-04-30T15:22:27","slug":"sec-investigating-volkswagens-april-fools-prank-report-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sec-investigating-volkswagens-april-fools-prank-report-says\/","title":{"rendered":"#SEC investigating Volkswagen\u2019s April fools\u2019 prank, report says"},"content":{"rendered":"

“#SEC investigating Volkswagen\u2019s April fools\u2019 prank, report says<\/strong>”<\/p>\n

\n

US regulators are reportedly probing Volkswagen\u2019s botched April Fools\u2019 prank in which it announced the rebranding of its US operation as \u201cVoltswagen\u201d to signify the company\u2019s push into electric vehicles.<\/p>\n

The company app<\/a>eared to accidentally publish a press release on March 29 announcing the news<\/a> three days before April Fools\u2019 Day.<\/p>\n

Several financial news outlets reported on it as fact, citing anonymous company officials who confirmed its authenticity. The following day, Volkswagen released a statement that included quotes from Volkswagen of America CEO Scott Keogh doubling down on the name change.<\/p>\n

The ploy helped the stock climb more than 12% before various news outlets began to report that it was in fact an early April Fools\u2019 joke.<\/p>\n

Now, the Securities and Exchange Commission is getting involved, according to German news outlet Der Spiegel<\/a>.<\/p>\n

As a matter of policy, the SEC conducts investigations on a confidential basis and does not acknowledge the existence or non-existence of any investigation unless or until charges are filed,\u201d a spokesperson for the agency said.<\/p>\n

\"The
The SEC would neither confirm nor deny that an investigation was underway.<\/figcaption>
REUTERS<\/span><\/figcaption><\/figure>\n

Representatives for Volkswagen did not immedia<\/a>tely return The Post\u2019s request for comment.<\/p>\n

Earlier this month, Keogh said that he would personally take responsibility for the blunder.<\/p>\n

\"Volkswagen\"
In 2015, the EPA issued a notice of violation of the Clean Air Act to Volkswagen.<\/figcaption>
REUTERS<\/span><\/figcaption><\/figure>\n

\u201cNever in our wildest dreams did we imagine it taking hold,\u201d Keogh\u00a0told The Wall Street Journal<\/a>\u00a0in a Thursday interview. \u201cIf there\u2019s any trust or credibility to be rebuilt from me, I\u2019m going to do it.\u201d<\/p>\n

\u201cWe might be changing out our K for a T, but what we aren\u2019t changing is this brand\u2019s commitment to making best-in-class vehicles for drivers and people everywhere,\u201d Keogh was quoted as saying in the original \u201cjoke\u201d release.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#SEC investigating Volkswagen\u2019s April fools\u2019 prank, report says” US regulators are reportedly probing Volkswagen\u2019s botched April Fools\u2019 prank in which it announced the rebranding of its US operation as \u201cVoltswagen\u201d to signify the company\u2019s push into electric vehicles. The company appeared to accidentally publish a press release on March 29 announcing the news three days…<\/p>\n","protected":false},"author":1,"featured_media":239687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/volkswagen-sec-01.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[103964,100408,70462,72976,72419],"class_list":["post-239686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-30-21","tag-april-fools","tag-electric-cars","tag-securities-and-exchange-commission","tag-volkswagen"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/239686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=239686"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/239686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/239687"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=239686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=239686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=239686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}