Volume 9 Issue 32
JASO’s Flat-viscosity Spec Coming Soon
August 7, 2024The Japanese Automotive Standards Organization has developed a specification for new generation of ultra-high viscosity index gasoline passenger car engine oil – the JASO GLV-2 standard which will come to market in October.
Fuchs’ First Half 2024 Earnings Decent
August 7, 2024Fuchs SE, the largest independent lubricant manufacturer in the world, reported a reasonable increase in earnings in the first half of 2024, thanks to growth in its three global operating regions.
Valvoline Settles in Labor Case
August 7, 2024Illinois Attorney General Kwame Raoul announced the state had settled with Valvoline to resolve allegations of unfair labor practices at the oil change and auto services company.
Castrol Buys into Battery-swapping Platform
August 7, 2024Castrol, the United Kingdom's largest lubricant maker, snagged a stake in Taiwanese electric two-wheeler battery swap company Gogoro. Gogoro wants to accelerate the transition to electric two-wheelers in the world’s most densely populated cities.
Moove Considers Stock Offer in U.S.
August 7, 2024Brazilian-based lubricant supplier Moove last month submitted a confidential draft proposal for an initial public stock offering in the United States.
From Last Week’s Edition
August 7, 2024Societal Shifts Shape Asia Lube Trends
Briefly Noted
August 7, 2024TotalEnergies will sell its 50% stake in Total PARCO Pakistan Ltd, a retail network of service stations, fuel logistics and lubricants activities. | Ergon Inc. broke ground on an expansion of its headquarters in Flowood, Mississippi, United States. This expansion will create 200 jobs in the state and cost U.S. $85 million. | Rakaesh Makhija was made chairman of the board of directors at Castrol India, effective Oct. 1. He succeeds R. Gopalakrishnan.