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Because it's different and doesn't do the right things. You're probably gonna have to talk to an oil chemist to get more detail than that. Here's what Valvoline.com had to say:

Quote, originally posted by Valvoline.com »
What is the difference between DexronIII/Mercon and type "F" transmission fluid?

The Valvoline Type F transmission fluid is a high quality NON-friction modified fluid. Dexron III/Mercon includes friction modifiers in the fluid additive package.
 
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