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Press release from PR Newswire

Honeywell Turbochargers To Help Spur Increase In Diesel Passenger Vehicle Sales In United States

Wednesday, March 27, 2013

Honeywell Turbochargers To Help Spur Increase In Diesel Passenger Vehicle Sales In United States09:43 EDT Wednesday, March 27, 20132014 Versions of Jeep Grand Cherokee, Ram 1500, Chevrolet Cruze and Mazda 6 among those benefitting from Honeywell technologiesPLYMOUTH, Mich., March 27, 2013 /PRNewswire/ -- Honeywell (NYSE:HON) Turbo Technologies is helping provide consumers with an ever-growing list of turbocharged diesel powered vehicles, as manufacturers look to offer U.S. customers the same fuel economy and performance benefits that European consumers already enjoy.Honeywell turbochargers are vital components of the new 3.0-liter EcoDiesel V-6 that will be available for the 2014 Jeep Grand Cherokee and the 2014 Ram 1500 pickup as well as in the 2.0-liter diesel engine in the Chevrolet Cruze and the 2.2-liter SKYACTIV-D engine in the Mazda 6. "The increase in turbodiesel applications in the U.S. makes perfect sense in light of the more stringent CAFE regulations requiring more miles per gallon from manufacturers in a relatively short period of time," said Tony Schultz, Honeywell Turbo Technologies vice president of the Americas. "The performance benefits of turbodiesel engines simply cannot be ignored from an industry perspective in their ability to help reach these new fuel economy targets. Furthermore, I think customers experiencing the torque and power of a more fuel efficient turbodiesel engine will really be impressed with the vehicle's drivability."In the United States, recent industry projections anticipate that sales of passenger cars with turbocharged diesel engines will grow 22 percent in the next five years, with annual sales of more than a million cars per year expected by 2017. Sales of clean diesel passenger cars in North America have increased in 26 of the last 27 months, and were up more than 25 percent in 2012. Honeywell also projects turbodiesel penetration growth of 3 to 4 percent by 2018 following a relatively flat overall penetration rate during the past few years."Our experience in Europe and our unique advantage in working with Honeywell's Aerospace team allow us to bring both innovation and value to our U.S. customers and their end consumers," said Schultz. "Even as manufacturers look to differentiate their technology in the showroom today, the ability to combine and pair technologies like turbocharging with engine downsizing, cylinder deactivation and even hybrid powertrains suggests that turbo technology will continue to play a key role for the next decade and beyond."With downsized and turbocharged gasoline engines and turbodiesel engines accounting for more than 75 percent of the vehicles in Europe, Honeywell continues to use its unique position as the global turbo leader to deliver new performance innovations with 100 new turbo launches annually and some 500 applications in its production pipeline. Collaboration with Honeywell Aerospace engineering is driving even greater turbo performance through ball bearing and air bearing development, high temperature material selection for more gasoline turbo applications and even projects combining turbos with fuel cell applications.About Honeywell Turbo TechnologiesHoneywell Turbo Technologies (http://turbo.honeywell.com/) is the leading automotive turbocharger supplying technology solutions to nearly every major automaker and truck manufacturer in the world. The Turbo Technologies business is part of Honeywell Transportation Systems, which also comprises Honeywell Friction Materials, a leading global automotive supplier of brake friction materials. Honeywell Transportation Systems enhances vehicle performance, efficiency and appearance through state-of-the-art technologies, world-class brands, and global solutions tailored for its automotive customers around the world.Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.SOURCE Honeywell Turbo TechnologiesFor further information: Mike Stoller, Honeywell Transportation Systems, +1 734 392 5525, Michael.Stoller@honeywell.com; or Cindy Kamerad, Weber Shandwick, +1 248-203-8112, ckamerad@webershandwick.com