Next gen application reduces turbocharger system costs and enhances fuel efficiency and engine performance
BEIJING, April 28, 2012 /PRNewswire-Asia/ -- Honeywell (NYSE: HON) Turbo Technologies, the leading global developer of automotive turbochargers, announced today that its latest gasoline turbocharging technology will be included on the all-new Fiat Viaggio. This news was distributed at the 2012 International Auto Show in Beijing.
Incorporating the latest advances in aerodynamics and bearing systems, Honeywell's newest gasoline technology delivers significantly improved fuel economy and driving performance in a 30 percent smaller space, lowering the overall system complexity and cost.
"Our latest turbo technology provides customers with an effective and affordable solution to meet the new fuel economy standards around the world," said David Paja, Honeywell Transportation Systems vice president and general manager, China and India. "Turbo sales in China are expected to double from 4 million to 8 million during the next five years. As such, making this announcement in Beijing is a perfect opportunity for us to underscore our commitment to the region. We have confirmed programs with global manufacturers to use this technology with more than two million gas-powered vehicles in coming model years."
The Viaggio is expected to become a strong competitor in the passenger vehicle small car segment in China with excellent fuel economy and superior performance. The turbocharged 1.4L T-Jet Fire engine is expected to produce 120 horsepower, which can be increased up to 150 hp in a sport tuned version, and also deliver 206 Nm of torque with a dual clutch transmission.
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, and two-time PACE Award winner, Honeywell Transportation Systems enhances vehicle performance, efficiency and appearance through state-of-the-art technologies.
About Honeywell
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 specialty materials. Honeywell has a long history in China that goes back to 1935 when it established the first franchise in Shanghai. Today, all of Honeywell's four Strategic Business Groups are represented in China, and all of them have relocated their Asia Pacific headquarters to China. Over the years, Honeywell has set up subsidiaries and joint ventures in over 20 cities across the country. Honeywell employs approximately 12,000 people in China. For more news and information on Honeywell, please visit www.honeywell.com.cn .
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.
