Garrett Motion Inc. (GTXMQ) News
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GTXMQ News Highlights
- For GTXMQ, its 30 day story count is now at 3.
- Over the past 11 days, the trend for GTXMQ's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
Latest GTXMQ News From Around the Web
Below are the latest news stories about Garrett Motion Inc that investors may wish to consider to help them evaluate GTXMQ as an investment opportunity.
Garrett Motion Successfully Completes Chapter 11 Restructuring With New Capital and Strong Balance SheetGarrett Motion Inc. ("Garrett") today announced it has emerged from its pending Chapter 11 cases, successfully completing the restructuring process and implementing the Plan of Reorganization ("Plan") that was confirmed by the U.S. Bankruptcy Court for the Southern District of New York on April 23, 2021. With the support of a significant majority of its stakeholders, led by funds managed by Centerbridge Partners, L.P. ("Centerbridge") and funds managed by Oaktree Capital Management, L.P. ("Oaktree"), Garrett will remain a publicly traded company and expects to list its common stock on Nasdaq, effective May 3, 2021, under the ticker symbol GTX. |
Garrett Motion to Hold First Quarter 2021 Conference Call on Thursday, April 29, 2021Garrett Motion Inc., a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the first quarter ended March 31, 2021 on Thursday, April 29, 2021 before the open of market trading. Garrett will also hold a conference call the same day at 8:30 am Eastern Time / 2:30 pm Central European Time to discuss the Company’s financial results for the first quarter and to provide an update on Garrett’s business and strategy following expected emergence from Chapter 11 bankruptcy. |
Garrett Motion to Showcase Next-Generation E-Boosting Technologies for Hybrid and Fuel Cell Vehicles at Auto Shanghai 2021Garrett Motion Inc., a leading differentiated technology provider for the automotive industry, today announced plans to showcase its next-generation electric-boosting (E-Boosting) technologies for use in electrified powertrains, primarily for hybrid and fuel cell vehicles, at the 19th Shanghai International Automobile Industry Exhibition. |
Garrett Motion Selects Enhanced Proposal From Centerbridge and Oaktree Following Robust Competitive ProcessGarrett Motion Inc. ("Garrett" or the "Company") today announced it has selected an enhanced proposal from a consortium of stockholders led by Centerbridge Partners, L.P. ("Centerbridge") and funds managed by Oaktree Capital Management, L.P. ("Oaktree") (the "Plan Sponsors") as the best plan to reorganize the Company, following a lengthy and active competitive process. |