Garrett Motion Inc. (GTX) is a leading global provider of high-quality technology and services that improve the performance, efficiency, and reliability of automobiles. GTX mainly serves the automotive industry, especially companies that are investing in hybrid electric power to improve vehicle performance and fuel efficiency. The company is widely recognized for its expertise in turbocharger technologies.
Founded in 1950 and headquartered at Rolle, Switzerland, Garrett Motion has a rich history that spans over six decades. The company was formerly known as Honeywell Transportation Systems and operated as a subsidiary of Honeywell International Inc. However, it was renamed Garrett Motion in 2018 and became an independent company following a spin-off from Honeywell.
Garrett Motion is most renowned for its work in turbocharger development. A turbocharger is a system that increases an engine’s efficiency and power output by forcing more air into the combustion chamber. This importance of this technology can’t be overlooked, especially in today’s auto industry where the demand for high-performing, fuel-efficient vehicles is increasing.
Over the years, Garrett Motion has set the benchmark for turbocharging systems, leading the way with its groundbreaking, patented technologies such as the dual ball bearing turbocharger and variable geometry turbocharger. The company has more than 3,000 active patents and continues to invest heavily in research and development to deliver environmentally friendly, leading-edge technology solutions.
Today, the company provides differentiating technology to all major automobile manufacturers and employs over 7,500 people across six continents with 13 R&D centers worldwide. It also operates a vast global aftermarket network of distributors and repair shops.
Garrett Motion’s vision is to shape the future of transportation by offering innovative technologies that deliver cleaner, more fuel-efficient solutions. The company uses its rich heritage and in-depth industry knowledge to pioneer products which help customers meet stringent emissions standards without compromising vehicle performance.
In October 2020, Garrett Motion filed for Chapter 11 bankruptcy to implement a pre-packaged plan of reorganization that will considerably improve its balance sheet by reducing debt and providing significant additional liquidity.
Economical ups and downs aside, Garrett Motion Inc. has proven its mettle as an industry leader, consistently pushing the envelope to deliver advanced technology solutions to the global automotive industry. The company remains steadfast in its commitment to drive innovation in the field and aligns its operations with the rising consumer demands and potentially transformative trends in transportation and mobility.