Here are 1-3 brief analogies to describe Garrett Motion (GTX):

• BorgWarner for engine turbochargers and electric boosting.
• The "Intel Inside" for making vehicle engines more powerful and efficient.

• Turbochargers: Devices that increase an internal combustion engine's power output by forcing extra air into the combustion chamber.
• Electric Turbos / E-Boosters: Electrically assisted turbocharging systems designed to improve engine response, efficiency, and reduce emissions.
• Hydrogen Fuel Cell Compressors: Components essential for efficiently supplying air to hydrogen fuel cells in electrified vehicles.
• Automotive Software Solutions: Advanced software and controls for optimizing vehicle performance, diagnostics, and powertrain management.

Garrett Motion (GTX) - Major Customers

• Volkswagen AG (VWAGY)
• Ford Motor Company (F)
• Stellantis N.V. (STLA)
• BMW AG (BMWYY)
• Mercedes-Benz Group AG (MBGYY)

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Olivier Rabiller, Director, President & Chief Executive Officer

Olivier Rabiller has served as President and Chief Executive Officer of Garrett Motion since its spin-off from Honeywell International Inc. in October 2018. Prior to leading Garrett Motion, he was the President and CEO of Honeywell Transportation Systems from October 2005 to October 2018, where he was responsible for P&L management across multiple regions and oversaw numerous manufacturing facilities. His tenure at Honeywell also included roles as Vice President & General Manager, focusing on growth regions and aftermarket services.

Sean Deason, Senior Vice President, Chief Financial Officer

Sean Deason assumed the role of Chief Financial Officer at Garrett Motion in June 2020. Before joining Garrett Motion, Mr. Deason was the CFO of WABCO Holdings Inc., a leading global supplier of advanced technologies for commercial vehicles, which was acquired in May 2020. He joined WABCO in June 2015 as Vice President, Investor Relations and Controller. Earlier in his career, Mr. Deason spent four years at Evraz N.A., a steel products manufacturer, serving as Vice President of Financial Planning and Analysis.

Craig Balis, Senior Vice President & Chief Technology Officer

Craig Balis has served as Senior Vice President & Chief Technology Officer at Garrett Motion since 2018.

Jerome Maironi, Senior Vice President, General Counsel & Corporate Secretary

Jerome Maironi holds the position of Senior Vice President, General Counsel & Corporate Secretary at Garrett Motion.

Pierre Barthelet, Senior Vice President Marketing & Product Management

Pierre Barthelet is the Senior Vice President of Marketing & Product Management at Garrett Motion. He has also been Senior Vice President of Strategy, Business Development and Advanced Technologies since 2023.

The accelerating global transition of the automotive industry from internal combustion engine (ICE) vehicles to battery electric vehicles (BEVs) represents a clear emerging threat. Garrett Motion's core business and primary revenue stream are derived from the design, manufacture, and sale of turbochargers, which are essential components for ICE and hybrid powertrains. As global regulations tighten (e.g., proposed ICE bans by 2035 in various regions) and major automotive original equipment manufacturers (OEMs) commit tens of billions of dollars to develop and produce BEV platforms, the demand for pure ICE-related components, including turbochargers, will diminish significantly. While Garrett is diversifying into electric boosting, hydrogen fuel cell compressors, and connected vehicle solutions, the rapid shift towards BEVs directly erodes the market for its foundational product line, posing a fundamental challenge to its current business model.

Garrett Motion (GTX) operates in several key addressable markets, primarily related to automotive turbocharging and emerging electric and connected vehicle technologies. The market sizes are identified as global unless otherwise specified.

Automotive Turbochargers

Garrett Motion is a leading player in the global automotive turbocharger industry, manufacturing highly engineered turbochargers and related forced induction systems for various ground vehicles, including passenger cars, trucks, and industrial equipment.

• The global automotive turbocharger market was estimated to be between approximately USD 14.31 billion and USD 18.5 billion in 2024.
• This market is projected to grow to between approximately USD 22.9 billion by 2030 and USD 42.2 billion by 2034.
• Garrett Motion considers itself a global leader in the OEM turbocharger industry, which it values at approximately $11 billion.

Electric Boosting Technologies and Zero-Emission Vehicle Solutions

Garrett Motion is actively developing and offering electric boosting technologies, including E-Turbos, E-Compressors, fuel cell compressors for hydrogen fuel cell vehicles (FCEVs), and electric propulsion and thermal management systems for battery electric vehicles (BEVs) and hybrid powertrains.

• While Garrett Motion is making significant investments and securing production awards in these areas, a specific addressable market size exclusively for Garrett's portfolio of electric boosting technologies or fuel cell compressors is not explicitly quantified in the available information. However, these products address the growing global trend towards vehicle electrification and zero-emission vehicles.

Connected Vehicle Technologies / Automotive Software Solutions

Garrett Motion also provides connected vehicle technologies, such as onboard-to-offboard vehicle cybersecurity software, OEM diagnostic and prognostic tools, and fleet early warning systems.

• The global automotive software market, which encompasses these types of solutions, was estimated to be between approximately USD 18.1 billion and USD 38.19 billion in 2024.
• This market is projected to grow substantially, with estimates ranging from approximately USD 32.3 billion by 2030 to USD 140.67 billion by 2032.

1. Growth in Zero-Emission Technologies and New Product Launches: Garrett Motion is actively developing and launching a suite of zero-emission products, including fuel cell compressors for hydrogen vehicles, electric propulsion, and thermal management systems for battery electric vehicles. This includes innovations like the 3-in-1 E-Powertrain and E-Cooling systems. The company aims to generate significant profit from its emissions reduction technologies by 2030, indicating a strong focus on this segment for future revenue.
2. Continued Demand for Light Vehicle Turbo Products, especially Gasoline Applications: Despite the ongoing shift towards electrification, Garrett Motion anticipates sustained growth in light vehicle turbo penetration, particularly within gasoline engine applications. The company has reported strong year-over-year growth in gasoline applications, driven by new product launches and ramp-ups in regions like North America and Europe. Additionally, the expected increase in hybrid vehicle production, which often utilizes advanced turbocharging, further supports this driver.
3. Expansion into Industrial Applications and New Markets: Garrett Motion is strategically expanding its product portfolio beyond traditional automotive uses to encompass various industrial applications. Notably, industrial sales, with a specific focus on data centers, are projected to exceed $100 million in 2025, indicating a new and growing revenue stream.
4. Strong OEM Relationships and Significant Business Wins: The company maintains robust relationships with global Original Equipment Manufacturers (OEMs), leading to substantial business wins. This includes securing awards for over $1 billion in light vehicle turbo program extensions, which provides strong revenue visibility and reinforces Garrett Motion's market position through continued customer demand for both its core and new offerings.
5. Geographic Expansion and Focus on Key Emerging Regions: Garrett Motion is enhancing its presence in fast-growing automotive markets such as China, where it has established a new R&D center. The rapid increase in Plug-in Hybrid Electric Vehicle (PHEV) and Range-Extended Electric Vehicle (REEV) production in China, alongside strong momentum in internal combustion engine (ICE) exports, presents considerable opportunities for the adoption of Garrett's turbocharging technologies in these regions.

Share Repurchases

• In 2023, Garrett Motion repurchased $35 million of common stock.
• For the full year 2024, the company repurchased $296 million of common stock at an average price of $8.83 per share.
• A new share repurchase program of $250 million was authorized for 2025, valid from January 1, 2025, to December 31, 2025, under which $135.71 million in repurchases had been completed as of September 30, 2025.

Share Issuance

• Garrett Motion experienced a significant increase in outstanding shares in 2023, with a 287.02% change, primarily due to the conversion of Series A Preferred Stock into Common Stock as part of its financial restructuring.

Inbound Investments

• No information available on large strategic inbound investments by third-parties during the last 3-5 years.

Outbound Investments

• No information available on significant strategic outbound investments in other companies during the last 3-5 years.

Capital Expenditures

• Capital expenditures for the full year 2024 were $91 million.
• For 2025, capital expenditures are projected at 2.8% of sales.
• A significant portion of capital expenditures is focused on zero-emission technologies, accounting for over 30% in 2024 and over 25% in 2025.