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Garrett Motion Inc., formerly Honeywell Transportation Systems and Honeywell Turbo Technologies, is an American company primarily involved in engineering, development and manufacturing of turbochargers and related forced induction systems for ground vehicles from small passenger cars to large trucks and industrial equipment and construction machinery.
Switzerland-based auto-parts manufacturer Garrett Motion Inc (NYSE: GTX) has voluntarily filed for Chapter 11 bankruptcy protection and proposed a $2.1 billion sale of its business to KPS Capital ...
Garrett Motion Inc. (NASDAQ:GTX) shares are trading lower after the company reported worse-than-expected third-quarter results and reduced its FY24 net sales guidance. Sales declined 14% (reported ...
The company's first major product was an oil cooler for military aircraft. Garrett designed and produced oil coolers for the Douglas DB-7. [9] Boeing's B-17 bombers, credited with substantially tipping the air war in America's and Great Britain's favor over Europe and the Pacific, were outfitted with Garrett intercoolers, as was the B-25. [12]
Tough conditions led to a mixed earnings report.
In October 2019, Garrett Motion announced its first electric turbocharger for market passenger vehicles, with expected launch in 2021. [4] The design adds an electric motor between the turbocharger's turbine wheel and compressor wheel.
Garrett Motion Inc (NASDAQ: GTX) reported a second-quarter sales decline of 8% year-over-year to $859 million, missing the consensus of $880 million. EPS was $0.15, compared to $1.29 in 2Q21 ...
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