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.
