|By PR Newswire||
|January 17, 2014 06:30 PM EST||
PLYMOUTH, Mich., Jan. 17, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) Turbo Technologies, a leading global developer of automotive turbochargers, provides turbochargers on four of the 10 award-winning powertrains selected in the 2014 Ward's 10 Best Engines competition, which for two decades has annually recognized engines for outstanding performance, technology and their ability to help sell a vehicle.
Sales of turbocharged vehicles continue to soar as more than 700,000 new turbocharged vehicles were added to the U.S. market in 2013 across nearly all vehicle segments. Honeywell turbos can currently be found on more than 60 models available for sale in the U.S. with nearly 20 different brands.
"Honeywell technologies are supporting nearly every auto maker in the world across engine platforms and market segments as fuel economy and performance remain key attributes for their customers," said Tony Schultz, Honeywell Turbo Technologies vice president of the Americas. "With three diesel engines recognized by Ward's, I think the U.S. consumer is in for a real thrill as they get a chance to experience the power and torque these engines provide while extending the time between fuel stops for most drivers."
The winners from a field of 44 powertrains evaluated by WardsAuto editors in October and November featured a number of advanced technologies which stress the importance of fuel economy in developing new engines. Honeywell turbos are featured on the following award-winning best engines:
- 2.0L Turbodiesel DOHC I-4 (Chevrolet Cruze Diesel)
- 3.0L Turbodiesel DOHC I-6 (BMW 535d)
- 1.8L Turbocharged DOHC I-4 (Volkswagen Jetta)
- 3.0L Turbodiesel DOHC V-6 (Ram 1500 EcoDiesel)
Honeywell expects sales of turbocharged commercial and passenger vehicles in North America to increase by 67 percent during the next five years reflecting the addition of 2.6 million more turbocharged vehicles on the road during that time. Honeywell also estimates current penetration of turbocharged commercial and passenger vehicles is currently at 17 percent of vehicle sales in North America and expects that number to increase to 31 percent of total sales by 2018. For more information, visit http://turbo.honeywell.com or follow us on Twitter at @honeywell_turbo.
About Honeywell Turbo Technologies
Honeywell Turbo Technologies (www.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. 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.
SOURCE Honeywell Turbo Technologies