Garrett Motion files for Bankruptcy
In less than two years since listing as a public company, Switzerland-based auto parts manufacturer, Garret Motion, has voluntarily filed for Chapter 11 bankruptcy. Following its spinoff from parent Honeywell International Inc. and the harsh impact of the Coronavirus, Garrett Motion’s bankruptcy filing will protect capital and long-term business sustainability. The company has proposed a $2.1
Garrett Motion Appoints New CFO
Garrett Motion Inc. has announced that Sean Deason has been named Chief Financial Officer (CFO). Deason will relocate to the company’s global headquarters in Switzerland. Previously, Deason was the CFO of WABCO Holdings Inc., a global supplier of advanced technologies for commercial vehicles. Deason will assume responsibilities as the principal financial officer of Garrett from
Garrett G25 Turbocharger with Internal Wastegate
Garrett has launched a new line of turbochargers that are close to the BorgWarner EFR turbochargers – the G25 series.
Honeywell to Use Garrett as Company Name for Transportation Systems Business
Honeywell has announced its Transportation Systems business will rebrand itself “Garrett – Advancing Motion” upon successful completion of the previously announced spin off, which is expected to close before the end of the third quarter.
Garrett Develops New SFI Spec Turbos for Drag Racing
The company is also providing a conversion program to allow drivers to upgrade current turbos to meet new SFI specs. Building on the success of its popular drag racing turbochargers, Honeywell Turbo Technologies, through its Garrett Aftermarket Performance division, has created a range of new SFI 61.1 Spec turbochargers for use in accordance with new
