SEC investigating Volkswagen’s botched April Fools’ prank, report says

US regulators are reportedly probing Volkswagen’s botched April Fools’ prank in which it announced the rebranding of its US operation as “Voltswagen” to signify the company’s push into electric vehicles.

The company appeared to accidentally publish a press release on March 29 announcing the news three days before April Fools’ Day. 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.