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4-Traders Homepage  >  Equities  >  Nyse  >  Honeywell International Inc.    HON

Delayed Quote. Delayed  - 08/24 10:02:00 pm
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Honeywell International Inc. : Honeywell Unveils New Gasoline Turbo Technology On 2012 Fiat Viaggio In Beijing

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04/26/2012 | 04:05am CEST

BEIJING, April 25, 2012 /PRNewswire/ -- 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.

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; automotive products; turbochargers; and specialty materials. Honeywell has a long history in China beginning in 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. Throughout the years, Honeywell has set up subsidiaries and joint ventures in more than 20 cities across the country. Honeywell employs more than 11,000 people in China. For more news and information on Honeywell, please visit www.honeywell.com.cn.

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

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