Garrett Motion Archives - aftermarketNews
Garrett Motion Achieves Financial Milestone

The company will redeem $212 million in outstanding Series B stock, to be repaid with cash on hand.

Garrett Motion Launches MPC Software With Hyundai

Garrett’s MPC technology can predict and preemptively optimize how a system operates in real-world conditions.

Garrett Motion To Expand China Production Facility

The company has increased its operational footprint by 50% to support strong growth.

Garrett Motion Successfully Completes Chapter 11 Restructuring

Company raises $1.3 billion of new equity from Centerbridge, Oaktree and existing stockholders.

Garrett Motion Common Stock Debuts On Nasdaq Global Select

Garrett Motion common stock will be listed under the ticker symbol “GTX.”

Garrett Motion Net Sales Increase 33.8%

Gross profit percentage for the first quarter of 2021 increased to 19.7% from 18.5% in the first quarter of 2020.

Garrett Motion Gets Closer To Emergence From Chapter 11

Garrett plans to emerge from Chapter 11 by the end of April 2021.

Garrett Motion Preserves $2.6 Billion Stalking Horse Bid

Competitive process to continue to explore all alternatives; Auction date set for Dec. 18.

KPS Agrees To Acquire Garrett Motion

KPS will acquire substantially all of the assets of Garrett for approximately $2.1 billion.

Garrett Develops Predictive Maintenance Software

The software uses both physics and artificial intelligence for a unique aftermarket software solution.

Garrett Motion Announces Amendments To Credit Agreement

In conjunction, Honeywell withdrew its previously issued Notice of Default.

Garrett Motion Appoints Jerome Stoll To Board

Stoll has more than 30 years of experience in the automotive industry.