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Honeywell's plan to spin off its turbocharger business will create a stand-alone company with annual revenue of about $3 billion.
Honeywell will spin off its turbocharger business in the coming year, and CEO Olivier Rabiller is ready to take it in new directions.
Honeywell plans to spin off its turbocharger business into a new publicly listed company by the end of 2018. The turbocharger business is expected to generate annual revenue of about $3 billion.
Honeywell plans to spin off noncore assets and create at least two new publicly listed companies, as the industrial conglomerate seeks to streamline its business.
Craig Balis, Honeywell's chief technology officer for transportation system business, says electrification is coming to turbochargers in regular passenger cars.
Honeywell said it launched production of its eco-friendly Solstice yf refrigerant in its new $300 million plant in Geismar, La.
Ram 1500 EcoDiesels hitting dealerships; Storms stir up used-car prices; Honeywell turbocharger spin-off?; Feds: Hecker still behind bars; Camry rocks in new campaign.
Honeywell spinning off turbochargers; Mazda teases engine, design changes; Nvidia supercomputer; LeBron in self-driving ad; New Japan scandal: Metal parts; Honda's car investment.
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