Volkswagen under investigation due to April 1st joke

Volkswagen's idea of reappointed was said to be a joke, and judging by reactions, was not very successful. In any case, it shocked the market, which means that business can be affected in an unacceptable way.

However, Wolfgang is under investigation by the American Commission of Value and Exchange Letters because of the joke about changing his name to Voltzwagen, and on suspicion that the joke could have affected the action price, writes the German newspaper, Spiegel.

Details are unknown, but the company confirmed that the American agency really requested specific information from the American subsidiary of Volkswagen, the Volkswagen Group of America ( VWE, as well as pledged full co-operation.

We remember, the whole collapse started a few days before April 1st, when the company “officially” announced a statement that it would change its name. A day later, Volkswagen updated the logo and profiles on social networks, and later issued a statement on the name change, including Scott Keogh's statement, VWOA president.

On March 31, an announcement arrives that everything was a joke, but the damage had already been done, and the name change caused stock prices to rise by 12.5 percent. Now he's trying to determine what was finally true and how this all affected market trends.