[0] Valvoline Opts To End Sponsorship Of Roush Racing, Mark Martin After 2000 Season.Business Editors LEXINGTON Lexington. 1 City (1990 pop. 225,366), seat of Fayette co., N central Ky., in the heart of the bluegrass region; inc. 1832, made coextensive with Fayette co. 1974. , Ky.--(BUSINESS WIRE)--June 1, 2000 The Valvoline Company has announced that at the conclusion of the 2000 season it will no longer be the major sponsor of the Roush Racing Ford driven by Mark Martin on the NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. Winston Cup circuit. "We have had an excellent and rewarding relationship with Mark Martin and Roush Racing over the past 12 years," said Steven A. Kirchner, senior vice president of worldwide marketing. "We negotiated very diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d to continue our sponsorship of Mark Martin," he said. "However, the structure as presented to us by Roush Racing to continue our relationship did not allow for Valvoline to meet its marketing objectives. "Valvoline is pursuing other opportunities within NASCAR and we are confident that we will continue to be a major sponsor in Winston Cup racing as we have been for the last 25 years. "We look forward to the remainder of the season with Mark and hope that he brings home his first Winston Cup Championship in the No. 6 Valvoline/Cummins Ford." The Valvoline Company, a division of Ashland Inc., has been serving American motorists longer than any other motor oil company and is a leading innovator and supplier of quality, high-performing automotive and industrial products in more than 140 countries. Best known for its lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. , Valvoline also markets Eagle One appearance products, Zerex antifreeze antifreeze, substance added to a solvent to lower its freezing point. The solution formed is called an antifreeze mixture. Antifreeze is typically added to water in the cooling system of an internal-combustion engine so that it may be cooled below the freezing point , SynPower Performance Products and Pyroil automotive chemicals. The company also has a stake in the growing quick-lube market with its Valvoline Instant Oil Change unit. Valvoline is a member of the Ashland Inc. (NYSE NYSE See: New York Stock Exchange : ASH) family of companies. For more information, visit the company's Web site at www.valvoline.com. |
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