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                           Turbodyne Management Report
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Carpinteria,  California  -  November  13,  2001  -  The management of Turbodyne
Technologies,  Inc.,  consisting  of  its Acting Chief Executive Officer, Daniel
Black,  and  three  of  its  six  directors, announced today that they will seek
removal  of  directors  Dieter  and  Lars Neujeffski and their associate, Albert
Wierz,  for  cause  at  a  forthcoming  meeting  of stockholders. A date for the
meeting  was  not  announced  but  was  expected  to  be  in  January  2002.

Turbodyne's management group said that cause for removal of the Neujeffski group
existed  on three grounds. The first alleged ground is that the Neujeffski group
was elected to the Board on the basis of an unqualified representation that they
would  provide an immediate infusion of capital into the company of more than $2
million.  In  fact,  the management group said, the Neujeffski group's aggregate
contributions  to the company since their election to the Board have amounted to
$130,000  and  no  further  contributions  are  in  prospect.


Second,  the  management group said that a recent internal audit showed that the
Neujeffski  group  had  caused the issuance of 3,500,000 shares of the company's
stock  to  themselves  in  July  2001 without paying the company for the shares.
During  July  the  Neujeffski  group  constituted  the company's entire Board of
Directors. Although the Neujeffski group assured newly appointed officers of the
company  in  July  that  the  shares  to be issued had been paid for by previous
remittances,  the  recent  audit showed that this representation was untrue, the
management  group  said.  The  shares  at the time of issuance had a fair market
value  in  excess  of $1 million. The management group said the Neujeffski group
used  most  of  the 3,500,000 shares as security for a bank loan the proceeds of
which  were  used  for  purposes  unrelated  to  Turbodyne.


The  management  group said a third cause for removal of the Neujeffski group is
the wrongful entry of the two Neujeffskis after working hours last week into the
Frankfurt,  Germany office of Turbodyne's European subsidiary and the removal of
that  company's business and accounting records. The management group said these
actions  may  have  been  motivated  by a desire to frustrate the internal audit
relating  to  the  nonpayment  for  shares  issued  to the Neujeffski group. The
management  group  said  they regarded the invasion of the Frankfurt office as a
serious  matter  and  have  made  a  report  of  the  incident  to local police.


The  three  directors in the management group are Andrew Martyn-Smith and Eugene
O'Hagan  of  Santa Barbara and Manfred Hanno Janssen of Dusseldorf, Germany. The
group  said  they  believed  the dispute with the Neujeffski group would have no
adverse  effect  on  the  company's  research and development efforts or work on
commercialization  of  the  company's  products  at  its Carpinteria, California
headquarters.

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Turbodyne  is  a technology company whose TurbopacTM, DynachargerTM, TurboairTM,
and  TurboramTM  technologies regulate and supplement the air supply in internal
combustion  engines,  both  gasoline and diesel powered, in order to improve the
efficiency  of  combustion  and  thereby increase power and eliminate pollution.
Turbodyne  Technologies'  headquarters is located in Carpinteria, California and
its  European  office  is  in  Frankfurt,  Germany




This  release  contains  forward-looking statements as defined in Section 21E of
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the  Securities Exchange Act of 1934, including statements about future business
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operations,  financial  performance  and market conditions. Such forward-looking
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statements  involve  risks  and  uncertainties  inherent  in business forecasts.
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Contact:
Laura  Ricci  -  (805)  684-4551