Honeywell Forecasts Major Growth for Small Diesel Engines

INDUSTRY NEWS
Sensor FusionFRANKFURT, Germany, September 14, 2007 - Honeywell Turbo Technologies announced that in the next two years, its Turbo business will be launching 11 small diesel turbo applications with eight global car manufacturers, taking advantage of the tremendous growth opportunity in the small diesel engine segment. Sales of small diesel engines worldwide, defined as those below 1.7L in engine displacement, are expected to double from four million to close to eight million in the next five years, according to the company's internal forecast. In Europe specifically, small diesel engines are expected to increase their share among all diesel engines produced from 33 percent to 55 percent within the next five years. The growth trends for small diesel engines cover both developed economies and emerging markets, but are driven by different factors, according to Olivier Rabiller, vice president of Customer Management, Passenger Vehicles at Honeywell Turbo Technologies._"In developed economies, turbocharging is increasingly adopted as an effective way of lowering CO2 emissions while continuing to meet the customers' need for great performance and driveability. In emerging markets, high fuel prices mean that car buyers tend to pay greater attention to a vehicle's fuel economy. As a result, there is a shift from small gasoline engines to small diesel engines."(Source: Honeywell Turbo Technologies)