Honeywell's Small Gasoline Turbochargers to Be Launched on the Chevy Cruze in the US New and rapidly growing smaller displacement engine segment to reach 4-6% of North America market by 2014
TORRANCE, Calif., Jan. 21 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) is taking the lead in turbo technologies designed specifically for small gasoline engines (1.4L) destined for the US, with the breakthrough launch of GM's Chevy Cruze - foreshadowing the emergence of a new and rapidly-growing sector expected to reach up to 4-6% penetration in all US light vehicle sales by 2014.
The GM 1.4L engine is equipped with Honeywell's latest gasoline turbocharger technology which incorporates new advances in bearing technology and aerodynamics specifically suited for small gasoline engines.
"Thanks to a turbo's unique ability to increase the performance output of smaller displacement engines, a downsizing revolution is underway in the US and around the world," said Alex Ismail, President and CEO of Honeywell Transportation Systems. "Honeywell is excited to be leading the way in this sector. Over the next 10 years, this mega trend will see average engine displacement in the US reduce from 3.6L to 2.9L moving from V8 and V6 engines to 4 cylinders – a major reflection of this trend being high volume growth in smaller, 4-cylinder turbocharged passenger cars of around 1.4L. As the world's leading turbo manufacturer, we are well positioned to benefit from the move, which will help drive greater energy efficiency and reduced emissions in the auto industry."
Turbo growth is strongly linked in the US to CAFE standards that require fuel economy improvements of around 40 percent in light vehicles by 2016. Overall, turbo penetration is expected to reach 25 percent by the year 2014 up from 5% in 2009, driven mostly by the growth in gasoline engine boosting,
Honeywell Turbo Technologies is the leading automotive turbocharger developer in the world, and is a business unit of Honeywell Transportation Systems, which also consists of Consumer Products Group and Friction Materials. As a leading automotive supplier, 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 International (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; automotive products; turbochargers; and specialty 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 forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
SOURCE Honeywell Turbo Technologies