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Shell unveils portfolio of next-generation oils preview image Shell unveils portfolio of next-generation oils article image

Shell unveils portfolio of next-generation oils

WASHINGTON, DC - Shell Lubricants has officially unveiled its engine oils designed to meet pending CK-4 and FA-4 oil categories that will play a key role in helping to support 2017 emission standards and improve fuel economy. Anxious buyers will even be able to tap into the benefits of T5 10W-30 CK-4 oils as early as this August, before the official December 1 rollout of the American Petroleum Institute oil categories.

ZF tops SAF-Holland bid for Haldex preview image ZF tops SAF-Holland bid for Haldex article image

ZF tops SAF-Holland bid for Haldex

STOCKHOLM, SWEDEN - ZF Friedrichshafen AG has outbid SAF-Holland in the race to buy Haldex, which produces brakes and air suspensions for heavy trucks, trailers and buses. The cash deal worth 100 kronor (CDN $15.33) per share has been approved by the Haldex Board of Directors, and values Haldex at $670 million. The cash deal worth 100 kronor (CDN $15.33) per share has been approved by the Haldex Board of Directors, and values Haldex at $670 million. It is still subject to regulatory approval. SAF-Holland had made its unsolicited bid last month, offering about $14.25 per share. Just last year, ZF purchased U.S.-based TRW, and has since said that it aims to provide a full lineup of commercial vehicle systems needed for autonomous trucks - all part of a corporate vision that has been dubbed "See-Think-Act".