Honeywell International Inc
) recently announced its intention to offer more turbocharged
diesel powered vehicles to the US customers. Turbocharged
vehicles are more fuel efficient than gasoline vehicles. With the
recent surge in fuel prices, auto manufacturers are focused on
building cars that are more fuel efficient and appealing to its
customers. Turbochargers enable manufacturers to shrink engine
size and weight while maintaining driving experience. 2014
Versions of Jeep Grand Cherokee, Ram 1500, Chevrolet Cruze and
Mazda 6 are some of the vehicles benefiting from Honeywell
The turbo technology is well suited to meet the needs of the
car segment in emerging markets. As per the recent industry
projections, sales of passenger cars with turbocharged diesel
engines are expected to witness a growth of 22% in the next five
years. Sale of clean diesel passenger cars in North America was
up more than 25% in 2012 and has been continuously increasing
since then. Honeywell possesses the best R&D turbo resources,
the widest product portfolio of any turbo supplier and an
experienced engineering network. Consequently, Honeywell expects
turbo diesel growth of 3% to 4 % by 2018.
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In Europe, turbo charged vehicles are already in great demand.
With turbocharged gasoline engines and turbo diesel engines
representing 75% of the vehicles in Europe, Honeywell continues
to maintain its position as the global turbo leader with 100 new
turbo launches annually and around 500 applications in its
Honeywell is a global diversified technology and manufacturing
company with a wide range of aerospace products and services,
control, sensing and security technologies for buildings, homes
and industry, turbochargers, automotive products, specialty
chemicals, electronic and advanced materials, process technology
for refining and petrochemicals and energy efficient products and
solutions for homes, business and transportation.
The company faces intense competition from industry bigwigs like
Macquarie Infrastructure Company LLC
). Honeywell currently has a Zacks Rank #2 (Buy). One of its
) carries a Zacks Rank #2 (Buy).