Two of the world's most famous engine lubricant brands will be put up for sale by oil giant BP, it has been revealed.
Duckhams and Veedol will be sold off as the company refocuses its priorities to concentrate on other engine lubricant brands such as Castrol. BP denied suggestions that the brands were being sold to fund the clean-up operation and compensation costs brought on by the Deepwater Horizon disaster.
Duckhams has been made in the UK for more than 100 years, 40 of which have been under the ownership of BP. It is well known for its Duckhams Hypergrade oil and its association with Formula 1's Lotus team.
Veedol was chosen by Henry Ford as the motor oil to lubricate the world's first mass-produced car, the Model T Ford.
Des Johnson, global brand director for BP and Castrol, said: "Both these brands are world famous and millions of motorists across the world have at one time or another used these brands for their cars, bikes or trucks."
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