Voltswagen April Farewell raised its share price

The Capital Committee of the United States (SEC from the Securities and Commission) investigates the name “” of Volkswagen to find out if the trick affected her of the auto industry stock and if any law was broken, according with Der .

The new name was announced on March 29, when the US subsidiary Volkswagen "accidentally" published a draft press release for of the local name s to Voltswagen for its promotion of electric vehicles.

Some news agencies published the news και η εταιρεία κυκλοφόρησε ένα επίσημο δελτίο τύπου στις 30 Μαρτίου, το οποίο συμπεριελάμβανε αποσπάσματα από τον διευθύνοντα σύμβουλο της Volkswagen της Αμερικής Keogh που ισχυριζόταν ότι η αλλαγή θα γίνει πραγματικά.

Eventually, as it turned out, it was an April Fool's joke and a lot of agencies – including him they reproduced the news.

Volkswagen's share price rose as much as 12,5 percent in that phase, equivalent to billion dollars on market value.

So the SEC wants to know what really happened, or what laws could have been violated by VW.

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Written by giorgos

George still wonders what he's doing here ...

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