lubricants news

[fishnjim]

"(Reuters) - Valvoline Inc is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco for $2.65 B in cash to sharpen focus on its retail services business.

The deal announced on Monday builds on the company's plan to separate the two units, with the sale proceeds set to fuel an expansion of the vehicle service center business Valvoline operates across the United States."


Another US brand going the way of the buggy whip.   All too common.  I'm not sure if it's evolution or short term cash out.   Time will tell.  Lack of a stable govt outlook to plan against?   I think the focus on the short term profit and projections, override the logic of supplying a market segment.  Add in the confusion of the 4 year zigzag agenda pushes.  I've watched this pattern of expand-focus on the core -contract - expand cycle in most big business for a long time.  All in the name of making profits, not good products. 
Especially in the possibility of an EV future which won't have the same service component.   Either it's a contrarian bet or following the competition.  They just opened a huge big name chain garage over here, and I just don't get.  Partly, cars have got so electronicised the shade trees can no longer work on themselves.  Maybe the reason for the mini revival in the classics?   Then there's a knowledge gap with that from the questions that get fielded on these brand sites.
I have no answers.   The journey over the endpoint...

[Lexi]

Yes, time will tell. Lets hope they continue to produce their classic car friendly VR1 high zinc motor oils. Clay/Lexi

[jwwseville60]

That tears it!
Im putting Tesla electric motors in all my Caddies.