Honeywell 2003 Annual Report Download - page 331
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systems); the Consumer Products Group (car care products including anti-freeze
(Prestone(R)), filters (Fram(R)), spark plugs (Autolite(R)), and cleaners, waxes
and additives (Holts(R)); and Friction Materials (friction materials and related
brake system components (Bendix(R)). Transportation Systems sells its products
to OE automotive and truck manufacturers (e.g., BMW, Caterpillar,
Daimler-Chrysler, Ford, Volkswagen), wholesalers and distributors and through
the retail aftermarket.
Economic and Other Factors
Transportation Systems' operating results are principally driven by worldwide
automobile and truck production and the global demand for automobiles and trucks
equipped with turbochargers to enhance power, increase engine efficiency and
lower emissions.
Business Challenges/Areas of Focus
Transportation Systems' primary business challenges and areas of focus include:
o Sustaining superior turbocharger technology.
o Increasing market penetration and share of diesel and gasoline turbocharger
OEM demand.
o Continuing to strengthen established strong product brands in the
automotive industry including revitalizing our Friction Materials business.
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