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Customers:
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Carmaker
Mitsubishi, Nissan, Subaru, Suzuki, Toyota, Honda, Audi, BMW, GM-Daewoo, Daimler, Ford, Jaguar, KIA, Land Rover, MG Rover, Opel, Saab, GM, Porsche, PSA, Renault, VW, Volvo
Truck Maker
BPW, DAF, EvoBus, Iveco, MAN, RVI, SAF, Scania
Brake Manufacturer
Akebono Brake, Sumitomo Electric, Hitachi, Bosch, Brembo, Continental Teves, Delphi, Haldex, Knorr, Meritor, TRW, WABCO, Perrot
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Business Highlights :
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Recent Years
Business Overview (FY2010)
-Turbo Technologies sales increased 31 percent primarily due to increased turbocharger sales to both light vehicle and commercial vehicle engine manufacturers partially offset by the negative impacts of foreign exchange. The Company expects increased volume to continue in 2011 as the Company benefits from new platform launches and continued strong diesel penetration rates in Western Europe.
-In Apr. 2010, the Company announced that it expects the number of new, turbocharged cars sold in the U.S. to grow from five percent today to as much as 25% in the next five years. This reflects impact of the new fuel economy standards announced by Environmental Protection Agency (EPA) and the U.S. Department of Transportation. In 2010, the Company will be launching 15 new turbocharger technologies and boosting over 100 diesel and gasoline engines on passenger cars and trucks. (From a press release on April 2, 2010)
Contracts
-In 2008, the Company supplies the Variable Nozzle Turbine (VNT) Turbocharger to be equipped on the new Tata Safari and the Xenon. The introduction of VNT technology with Tata is the first time it has been used in the sport utility vehicle segment in India. (From press release on Feb 11, 2008)
-In 2008, the Company' turbocharging technologies are featured on 28 of the vehicles being launched at the 78th International Motor Show of Geneva in 2008. The models equipped with its gasoline turbocharger technology include the BMW X6 xDrive50i, the first twin-turbocharged 8-cylinder gasoline engine in the world with two turbochargers delivering 300kW (407 hp). On the diesel side, its turbocharging technology is helping Audi to deliver a 240 hp on the new A4 from a 3.0 liter engine while emitting only 188g/km of CO2 and is also enabling Kia to achieve an exceptional CO2 emissions level of 104g/km on the Kia Eco Cee'd with a 1.6 liter diesel engine. (From a press release on Mar. 6, 2008)
-In 2008, the Company was selected by Ford to develop turbochargers for its first introduction of EcoBoost technology on 2010 Lincoln MKS. (From a press release on Jul. 30, 2008)
-In 2008, the Company plans to launch turbo applications that will be fitted on over 200 small engine vehicles in the next two years. They are fitted on cars from manufacturers such as Fiat (1.6L), Toyota (1.4L), and Hyundai (1.6L). (From a press release on Oct. 2, 2008)
-In 2009, the Company launched a turbocharger system for the new Jaguar XF 3.0L V6 Diesel to reduce fuel consumption by 12% and CO2 emissions by 10% compared to its predecessor. In addition, this new boosting system allows the V6 engine to achieve performance levels of current V8 diesel engines. (From a press release on Mar 2, 2009)
-In 2009, the Company announced that its turbo technologies are fitted on three gasoline vehicles from BMW launched at the 2009 Shanghai Auto Show, including BMW 760 Li and BMW X6 M and X5 M. In addition to the BMW vehicles at the Shanghai Auto Show, its turbochargers are also fitted on 15 new vehicles developed by China's biggest carmakers such as Brilliance, Chery, Huatai, JAC Motors, Shanghai Automotive Industry Corporation (SAIC), and Geely. (From a press release on Apr 29, 2009)
-In 2010, the Company is taking the lead in turbo technologies designed specifically for small gasoline engines (1.4L) destined for the US, with the launch of Chevrolet Cruze. (From a press release on January 21, 2010)
-In 2010, the supplies its variable nozzle turbochargers to GM's Duramax engines for its light diesel trucks. (From a press release on February 10, 2010)
-The Company will supply its Variable Nozzle Turbine (VNT(TM)) DualBoost turbochargers for Ford's new 6.7-liter Power Stroke engines on 2011 F-Series Super Duty truck models, F-250 and F-350. The Company would be turbocharging 70% of the U.S. diesel light truck segment following this launch. (From a press release on February 10, 2010)
-In Mar. 2010, the Company announced that its VNT(TM)(Variable Nozzle Turbine) turbocharger will be featured on the Volkswagen Polo BlueMotion 1.2L diesel. (From a press release on March 2, 2010)
-The Company is supplying its turbochargers for the vehicles including the 2011 Chevrolet Cruze in the U.S., the 2010 Volkswagen Polo in Europe, the BMW X-6 ActiveHybrid, and two new gasoline engine developments in China for GAC-Fiat and JAC. In addition, Ford recently launched its 2011 F-Series Super Duty, which is boosted by the Company's DualBoost turbos on its 6.7 liter Power Stroke diesel engines. The Company expects the global turbo segment to double in the next five years, from 17 million new turbo vehicles in 2009 to 35 million in 2015. (From a press release on September 22, 2010)
-The Company is supplying its products for the vehicles displayed at 2010 Paris Motor Show. The company delivers a ball bearing technology to a diesel passenger car on the Mercedes S350 BlueTec featuring 3.0L V6 engine. Honeywell's TwoStage Parallel turbocharger will boost Land Rover's 2011 Range Rover featuring LR-TDV8 4.4 liter V8 diesel engine. In addition, Honeywell's gasoline turbocharger technology has been chosen by Daimler to boost its 4.6L V8 biturbo engines launched on the Mercedes S and CL class. (From a press release on September 30, 2010)
-In Dec. 2010, the Company announced that it is supplying turbochargers for GM's Chevrolet Cruze Eco. This turbocharged 1.4-liter engine achieves an efficient fuel consumption of 42 mpg. (From a press release on December 2, 2010)
Divestitures
-In Oct. 2010, the Company announced that it has reached an agreement to sell its automotive on-board (AoB) sensor products business to Sensata Technologies, Inc. of Netherlands, for 140 million USD. The transaction is expected to close early in 2011. The Company's AoB sensor products include cam and crankshaft, transmission, vane, vehicle pressure, position and wheel speed sensors. The business has annual sales of approximately 130 million USD and is a component of the Company's Sensing and Control unit. (From a press release on October 28, 2010)
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