|By PR Newswire||
|February 11, 2014 05:14 AM EST||
ROLLE, Switzerland, Feb. 11, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) Turbo Technologies, a leading global developer of automotive turbochargers, expects to launch more than 100 turbocharger applications involving more than 20 new technologies in 2014. These new applications will serve Honeywell's global customer base with gasoline, diesel, natural gas and hybrid powertrains in both light vehicle passenger and commercial vehicles.
Having pioneered automotive turbocharging more than 60 years ago and having produced more than 100 million turbos in its history, Honeywell is a global leader with more than 500 current turbo programs in various stages of development in its customer pipeline, which are all expected to come to market in the next few years. Honeywell turbos, including the recently announced Honeywell VNT® turbo helping power the Fiat 500L and its 1.6L Multi Jet II diesel engine, make significant contributions to auto makers balancing improved fuel economy, lower emissions and enhanced performance.
"Our Honeywell technology roadmap is contributing to Fiat's current and future engine strategies for fuel efficient and fun to drive vehicles. The consistently large number of turbo launches we have each year reflects the value downsizing and turbocharging brings to auto makers in response to global demands for improved fuel economy and emissions without compromising performance," said Honeywell Transportation Systems President and CEO Terrence Hahn. "Honeywell is intent on delivering to Fiat and all of our customers the differentiated technology customers are seeking in exciting, fun-to-drive vehicles, which can also help put more time between trips to the fuel pump."
Honeywell expects turbocharging to continue growing globally from 31 percent in 2013 to 38 percent by 2018. While Europe is by far the global leader in turbo penetration given the high percentage of diesel vehicles sold, the addition of gasoline turbocharging will increase its turbo penetration to nearly 67 percent by 2018. This compares to 2018 estimates of 31 percent of total sales in North America, 33 percent in China and 53 percent in India.
Turbochargers allow a smaller engine to achieve the similar if not improved power outputs of larger naturally aspirated engines while being between 20 to 40 percent more fuel efficient in gasoline and diesel engines respectively. The smaller engine size also makes turbos a technology which can help auto makers meet stricter emissions standards.
These Honeywell technologies are helping auto makers further improve power and fuel economy with more advanced variable geometry turbos in diesels as well as address the growing gasoline segment globally with advanced twin scroll designs for 4-cylinder engines.
In 2014, Honeywell will bring to market new technologies improving turbocharging performance with innovations such as: new ball bearing designs for improved response and efficiency; improved flow control valves for gasoline engines and variable geometry applications for diesel engines to expand performance capability; new sensors for improved engine integration; improved casting processes and materials development for greater temperature range performance at predictable costs; and new aerodynamic designs to improve speed margins of compressor and turbine wheels inside the turbo.
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. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
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