PLYMOUTH, Mich., Dec. 2, 2010 /PRNewswire/ -- Honeywell’s (NYSE :HON ) turbocharged Chevrolet Cruze Eco engine is putting pricier—and less efficient—hybrids and other compact vehicles on notice with a best-in-class 42 mpg highway rating from the U.S. EPA. With the benefits of the turbocharged 1.4-liter engine, the fuel economy in the Cruze Eco will significantly outpace several midsized hybrid sedans in highway fuel economy ratings.
"Small gasoline turbocharged vehicles will play a huge role in the future of the U.S. auto industry as automakers develop cars that meet drivers' needs for better fuel economy, without compromising performance or price," said Alex Ismail, President and CEO of Honeywell Transportation Systems. "The Cruze is a great example of a vehicle that refuses to compromise on fuel efficiency, affordability and fun-to-drive responsiveness."
Honeywell expects penetration of turbocharged gasoline vehicles to reach up to 20 percent of all vehicles sold in the U.S. by 2015, and expects the U.S. market for all turbocharged vehicles to grow from nearly one million vehicles sold today to more than four million in five years. Honeywell currently provides turbocharger technology on twenty gas and diesel vehicles in the U.S. including the Ford Flex and Taurus SHO, Lincoln MKS and MKT, and a number of Audi, Mercedes and BMW models in addition to the Chevy Cruze Eco.
Honeywell Turbo Technologies is the leading automotive turbocharger developer in the world, and is a business unit of Honeywell Transportation Systems. As a leading automotive supplier, Honeywell Transportation Systems enhances vehicle performance, efficiency and appearance through state-of-the-art technologies.
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.