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Exhibit 99.1

           TURBODYNE ANNOUNCES CHANGES IN MANAGEMENT,
     ELECTION OF A NEW DIRECTOR AND DISMISSAL OF LAWSUITS

Carpinteria, California - April 4, 2001 - Turbodyne Technologies, Inc.
(EASDAQ: TRBD) today announced actions taken by its Board of Directors
relating to changes in management, the election of a new director and
the dismissal of certain lawsuits.

At a special meeting held on Friday, March 30, 2001, the Board of
Directors elected Mugurdich Balabanian, M.D. as the Chairman of the
Board. Dr. Balabanian replaces Dr. Friedrich Goes who resigned as a
director on March 9, 2001. In addition, the Board terminated Dr.
Rainer Wollny as President and Chief Executive Officer and appointed
Kenneth F. Fitzpatrick as acting President and Chief Executive
Officer. Mr. Fitzpatrick has served as the Vice-President-Group
Finance of the Company since June 1997. Mr. Fitzpatrick is a graduate
of Babson College of Wellesley, Massachusetts. Mr. Fitzpatrick's
experience in the investment community spans over thirty-five years.
Mr. Fitzpatrick serves on several Company Boards and also is active in
civic and community activities in Santa Barbara, serving as a board
member of Opera Santa Barbara.

Dr. Balabanian noted: "The challenges facing our company require a
rare combination of expertise in automotive technology, finance and
management. In particular, Turbodyne requires a leader who can draw
together the Company's many constituencies into a single team, all
members of which are united in striving for a common goal. We are
fortunate to have in Ken Fitzpatrick, an individual who not only has
expertise in financial matters, but who commands the respect of the
Board, as well as members of management, our research and development
staff and our investors both in the United States and abroad.

In addition, the Board elected Robert Taylor as a Class II director
who will serve until the annual meeting of shareholders in Year 2002
and until his successor is elected and qualified. Mr. Taylor served as
a director of the Company from 1996 until his resignation in October,
2000.

"We are indeed fortunate that Mr. Taylor, who was for so many years a
bridge between the various constituencies on the Board and among the
Company's shareholders, is willing to again provide his moderating
influence," said Dr. Balabanian.

The Board also determined that various lawsuits initiated in the
Company's name against members of management and the Board and the
Company's principal law firm were without merit and had been initiated
without the approval of the Board. Accordingly, the Board directed the
dismissal of all such litigation.

"It is simply beyond comprehension," stated Dr. Balabanian, "that the
Company should squander its limited resources launching multiple
lawsuits when faced with so many critical issues, particularly when
these lawsuits are directed against the very people who are financing
the Company's daily operations, developing its technology and
uncovering and correcting the abuses of prior management. The goal of
this Board and management is clear: "To join all factions in a common
effort to provide a sound financial basis for the Company that will
enable it to successfully exploit its technology for the benefit of
the shareholders. In trying to meet this objective, I will try to
unify the US and Overseas board members, build faith and trust in each
other, and share responsibilities together in order to make the right
decisions. I hope in working together we are able to achieve a common
goal, especially in promoting and pursuing the interest of our
shareholders".

Turbodyne Technologies, Inc., a California based high technology
company, specializes in the


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development of charging technology for internal combustion engines
and the development and manufacturing of high-tech assemblies for
electrically assisted turbochargers and superchargers. Turbodyne
Technologies' headquarters is located in Carpinteria, California,
and its European office is located in Frankfurt, Germany.

Contacts:

Kenneth Fitzpatrick - Investor Relations at California Headquarters:
(800) 566-1130

This release contains forward-looking statements as defined in Section
21E of the Securities Exchange Act of 1934, including statements about
future business operations, financial performance and market
conditions.  Such forward-looking statements involve risks and
uncertainties inherent in business forecasts.

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