Shell last Tuesday announced that it has been chosen by Rolls-Royce Motor Cars Ltd as the exclusive manufacturer and supplier of Rolls-Royce Motor Cars Genuine Engine Oil. Starting from December 2016, this engine oil will roll out to Rolls-Royce Motor Cars Dealers around the world.

Further our story last week "Zschimmer & Schwarz Acquires LEXOLUBE Division from INOLEX", Zschimmer & Schwarz announced it will be making a $50 million investment related to this acquisition. The company plans to build a new facility in Gordon, Georgia.

The South American region's projected growth has been cut in half since 2010. However, long-term perspectives for the region remain attractive. All over the region, inflation is expected to decrease and GDPs are expected to grow in 2017 as opposed to the negative rates in recent years for the major markets.

Volkswagen has agreed to pay $4.3 billion in criminal and civil penalties in relation to its diesel emissions cheating scandal, the US Justice Department announced last Wednesday. In addition, six VW executives and employees have been indicted in connection with the conspiracy.

St. Paul, MN-based Lube-Tech & Partners has announced the acquisition of the lubricants business of Dyno Oil Company of Spencer, Iowa. With the Dyno location in Spencer, Iowa, this acquisition increases Lube-Tech's geographic footprint and ability to serve customers in northwest Iowa and southwest Minnesota.

• Phillips 66 Increases Prices of Its API Group II Pure Performance 70N, 80N and 110N by 10 CPG, and Reduces Its 225N by 5 CPG, Effective January 11
• Phillips 66 Increases Prices of Its API Group II+ Ultra-S2 and Ultra-S3, and Group III Ultra-S4 and Ultra-S8 by 20 CPG, Effective January 11
• Motiva Increases Prices of Its (Group II) Star 4 (110 SUS) and Star 6 (220 SUS) by 15 CPG and Its STAR 12 (600 SUS) by 10 CPG, Effective January 11
• Volvo Construction Equipment's (Volvo CE) Global Headquarters to Move from Brussels, Belgium, to Gothenburg, Sweden
• HollyFrontier Corp and Holly Energy Partners Announce Senior Management Changes Relating to Pending Petro-Canada Lubricants Acquisition
• Ford, ExxonMobil Make Filling Up at the Pump Quick
• Grand Rapids, MI-based Crystal Flash Acquires Richardson Oil in Lawrence, Michigan