A press statement from automaker Volkswagen was leaked Monday, weeks before its intended release. It outlined the new name for the company’s U.S. operations.

The new name, Voltswagen of America, gives an ode to the electric vehicles the company plans on rolling out in the next few years, CNBC reported. A source, who was familiar with this not-finished-yet press release, confirmed to the news outlet that everything in the leaked report was accurate.

“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 automaker said in the release.

The Voltswagen name will be placed on the exterior of the EV models in light blue while the gas vehicles will only have the VW symbol that will stay the dark blue color.

By the year 2029, the German-based company hopes to have more than 70 variations of electric vehicles worldwide, according to USA Today. To reach that goal, it plans to let go of 5,000 employees to be able to invest more in the electric mission.

Voltswagen of America is just another operating unit of the original Volkswagen Group of America that has headquarters in Herndon, Virginia, the release explained.

The post has since been taken off the official website to be completed.

Volkswagen group, which includes brands from Audi to Seat to Porsche, has ploughed more than 30 billion euros ($36 billion) into e-mobility
Volkswagen group, which includes brands from Audi to Seat to Porsche, has ploughed more than 30 billion euros ($36 billion) into e-mobility AFP / Ronny Hartmann
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