Budweiser has a new owner and starting this summer, a new name for its beer.

FOX's Carole Zimmer reports:

The new name for Budweiser beer will be America. And the new labels will feature a red, white and blue campaign with images that bring the republic to mind.

The name change comes before a presidential election that Budweiser says will turn out to be the most patriotic summer that this generation has ever seen. It also comes at a time that Team USA will be competing at the Olympic Games in Rio.

Carole Zimmer, FOX News.

Follow Carole Zimmer on Twitter: @carole_zimmer