Garrett Advancing Motion

Global Automotive Turbocharger Market (2019 to 2024) - Technology Landscape, Trends and Opportunities

Retrieved on: 
Thursday, July 16, 2020
Engines, Turbochargers, Variable-geometry turbocharger, VGT, Wastegate, Garrett Advancing Motion

DUBLIN, July 16, 2020 /PRNewswire/ -- The "Technology Landscape, Trends and Opportunities in the Global Automotive Turbocharger Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, July 16, 2020 /PRNewswire/ -- The "Technology Landscape, Trends and Opportunities in the Global Automotive Turbocharger Market" report has been added to ResearchAndMarkets.com's offering.
  • In automotive turbocharger market, various technologies are used which include variable geometry turbocharger (VGT)/variable nozzle turbocharger (VNT), wastegate, and twin turbo.
  • This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the automotive turbocharger market.
  • The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive turbocharger technology by application, technology, and region.

Insights on the Automotive Turbocharger Global Market to 2024 - Strategic Growth Opportunities - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 14, 2020
Automotive Manufacturing, Manufacturing, Other Automotive, General Automotive, Automotive, Engines, Turbochargers, Variable-geometry turbocharger, Twin-turbo, VGT, Wastegate, Garrett Advancing Motion, Boost controller

The "Technology Landscape, Trends and Opportunities in the Global Automotive Turbocharger Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Technology Landscape, Trends and Opportunities in the Global Automotive Turbocharger Market" report has been added to ResearchAndMarkets.com's offering.
  • The technologies in automotive turbocharger have undergone significant change in recent years, with exhaust gas turbocharger to low exhaust emission turbocharger.
  • In automotive turbocharger market, various technologies are used which include variable geometry turbocharger (VGT)/variable nozzle turbocharger (VNT), wastegate, and twin turbo.
  • This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the automotive turbocharger market.

Garrett Motion Announces Amendments to Credit Agreement

Retrieved on: 
Friday, June 12, 2020
Aftermarket, Automotive, General Automotive, Technology, Performance & Special Interest, Software, Companies, Economy of the United States, Garrett Advancing Motion, Garrett, Honeywell, Credit, Industries

Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced it has reached an agreement with its senior lenders under the companys Credit Agreement providing for covenant relief for up to a two-year period through June 30, 2022.

Key Points: 
  • Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced it has reached an agreement with its senior lenders under the companys Credit Agreement providing for covenant relief for up to a two-year period through June 30, 2022.
  • The modifications to our Credit Agreement significantly enhance Garretts financial flexibility to weather the current pandemic-induced economic slowdown, said Olivier Rabiller, Garrett President and CEO.
  • In connection with Garrett accomplishing this agreement with its lenders, Honeywell withdrew its previously issued Notice of Default.
  • Garrett Motion is a differentiated technology leader, serving customers worldwide for more than 65 years with passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions.

Garrett Motion Provides Update on the Impact of COVID-19

Retrieved on: 
Tuesday, April 7, 2020
Aftermarket, Automotive, General Automotive, Automotive Manufacturing, Other Automotive, Manufacturing, Automotive accessories, Garrett Advancing Motion, Motor vehicles, Aftermarket, Automotive aftermarket, Transport, Automotive industry

As a result, total liquidity available at the start of the second quarter is approximately $655 million.

Key Points: 
  • As a result, total liquidity available at the start of the second quarter is approximately $655 million.
  • "The COVID-19 pandemic has created substantial disruption across the global automotive industry and economies around the world, said Olivier Rabiller, Garrett President and CEO.
  • Garrett Motion is a differentiated technology leader, serving customers worldwide for more than 65 years with passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions.
  • Our portfolio of turbocharging, electric boosting and automotive software solutions empowers the transportation industry to redefine and further advance motion.

Garrett Motion Restarts Production Facility in Wuhan

Retrieved on: 
Thursday, March 19, 2020
Automotive Manufacturing, Manufacturing, General Automotive, Automotive, Engineering, Automotive aftermarket, Automotive industry, Electric vehicle conversion, Vehicle modification, Motor vehicles, Wuhan, Aftermarket, Garrett Advancing Motion, Transport

Garretts Wuhan facility is expected to gradually return to full capacity in early May.

Key Points: 
  • Garretts Wuhan facility is expected to gradually return to full capacity in early May.
  • The companys Shanghai plant, which restarted production on February 10, is expected to be fully operational in early April.
  • We are pleased to restart our Wuhan facility as anticipated and look forward to resuming normal operations at both of our plants in China over the coming weeks, said Olivier Rabiller, Garrett President and CEO.
  • Garrett Motion is a differentiated technology leader, serving customers worldwide for more than 65 years with passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions.

Garrett Motion Files Complaint Against Honeywell in Asbestos Indemnity Suit

Retrieved on: 
Thursday, January 16, 2020
Professional services, Aftermarket, Legal, General Automotive, Automotive, Companies, Economy of the United States, Engines, Electronic design, Honeywell, Garrett Advancing Motion, Garrett, General Electric, Turbocharger

Garretts complaint includes the following assertions:

Key Points: 
  • Garretts complaint includes the following assertions:
    Top Honeywell executives devised Garretts spinoff to offload the financial burdens of its asbestos liabilities.
  • In October 2018, Honeywell spun off what remained of its Transportation Systems business, primarily a turbocharger business, into what is now Garrett Motion.
  • This agreement requires Garrett to compensate Honeywell for payments made to resolve Honeywells asbestos liabilities arising from Honeywells legacy Bendix automotive brake business.
  • In addition, Garrett did not have independent legal representation during the spinoff process: Honeywell retained the same lawyers to represent both Honeywell and Garrett in connection with the spinoff.

Global Automotive Turbocharger Market by Technology, Material, Fuel Type, On-Highway Vehicles, OHV, Aftermarket & Region - Forecast to 2027 - ResearchAndMarkets.com

Retrieved on: 
Monday, November 18, 2019
General Automotive, Automotive Manufacturing, Manufacturing, Automotive, Engines, Supercharging, Turbocharger, Garrett Advancing Motion, BorgWarner, Compressor

The global automotive turbocharger market is projected to reach USD 26,350 million by 2027 from USD 12,461 million in 2019, at a CAGR of 9.8%.

Key Points: 
  • The global automotive turbocharger market is projected to reach USD 26,350 million by 2027 from USD 12,461 million in 2019, at a CAGR of 9.8%.
  • The automotive turbocharger market is dominated by a few global players and several regional players.
  • Some of the key players in the automotive turbocharger market are Garrett Motion (Switzerland), Continental AG (Germany), BorgWarner (US), and IHI (Japan).
  • The automotive turbocharger consists of various components like turbine, turbocharger housing, compressor housing, bearings, and turbocharger shaft.

Garrett Motion to Present at Barclays Global Automotive Conference

Retrieved on: 
Monday, November 18, 2019
Automotive Manufacturing, Manufacturing, Alternative Vehicles, Fuels, Technology, Other Automotive, Tires & Rubber, Recreational vehicles, Performance & Special Interest, Off-Road Trucks & SUVs, Motorcycles, Fleet management, General Automotive, Aftermarket, Other Technology, Automotive, Engines, Garrett Advancing Motion, Aftermarket, Boost, Turbocharger

Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced the Company's President and CEO, Olivier Rabiller, is scheduled to present at the Barclays Global Automotive Conference in New York on Wednesday, November 20, 2019 at 1:35 pm Eastern Time / 7:35 pm Central European Time.

Key Points: 
  • Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced the Company's President and CEO, Olivier Rabiller, is scheduled to present at the Barclays Global Automotive Conference in New York on Wednesday, November 20, 2019 at 1:35 pm Eastern Time / 7:35 pm Central European Time.
  • A live webcast of the presentation can be accessed via the Investor Relations section of Garretts website at http://investors.garrettmotion.com .
  • Garrett Motion is a differentiated technology leader, serving customers worldwide for more than 65 years with passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions.
  • Our portfolio of turbocharging, electric boosting and automotive software solutions empowers the transportation industry to redefine and further advance motion.

Garrett Motion To Showcase Electric Turbocharger For First Time At IAA 2019

Retrieved on: 
Monday, September 9, 2019
Engines, Supercharging, Turbocharger, Garrett Advancing Motion

"We continue to advance our electrification capabilities at Garrett to support the interests of our global customer base.

Key Points: 
  • "We continue to advance our electrification capabilities at Garrett to support the interests of our global customer base.
  • Garrett's E-Turbo delivers superior performance, fuel economy and emissions by integrating ultra-high-speed electric motors and power electronics into the turbocharger, while also providing energy recuperation to the vehicle's electrical system.
  • Visit Garrett Motion in Hall 4.1, Booth D10 at IAA in Frankfurt, Sept. 1013, 2019.
  • Our portfolio of turbocharging, electric boosting and automotive software solutions empowers the transportation industry to redefine and further advance motion.

Garrett Motion Appoints Interim CFO

Retrieved on: 
Friday, September 6, 2019
Technology, Aftermarket, Automotive, General Automotive, Software, Other Automotive, Performance & Special Interest, Companies, Economy of the United States, Garrett Advancing Motion, Honeywell, Garrett, Aftermarket, Chief financial officer, Industries

Garrett has named Peter Bracke as interim CFO.

Key Points: 
  • Garrett has named Peter Bracke as interim CFO.
  • Prior to this position, Peter has held various CFO roles at Honeywell and has been the CFO of the business through the completion of the spin-off.
  • Olivier Rabiller, president and chief executive officer said, I would like to thank Alessandro for his contributions over his 15 months with Garrett.
  • Garrett Motion is a differentiated technology leader, serving customers worldwide for more than 65 years with passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions.