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Stock impact report

Garrett To Launch Industry's First Electric Turbo

Garrett Motion Inc. (GTX) 
Last garrett motion inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: PR Newswire
ROLLE, Switzerland, Oct. 17, 2019 /PRNewswire/ -- Garrett Motion Inc. (NYSE: GTX) is confirming its development of the world's first "E-Turbo" for mass market passenger vehicles expected to launch in 2021. The announcement comes as automakers turn to electrified engine technology that meets industry challenges for increased energy efficiency and new regulatory emission targets while still meeting consumer demands for better vehicle performance and affordability. While Garrett's first E-Turbo application will emerge in premium, high-performance vehicles, Garrett has 10 active programs in the three biggest auto markets in the world in varying vehicle segments. Turbochargers use otherwise wasted exhaust energy that would go out the tailpipe to drive a turbine wheel connected via a shaft to a compressor wheel. The compressor wheel packs more air into the engine yielding the now familiar "turbo boost" to vehicle acceleration. This has allowed automakers to use smaller, more efficient engin Show less Read more
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