Deals
Garrett Motion Exploring Options Including Sale
- Maker of automobile technology working with advisers
- The company emerged from Chapter 11 bankruptcy in 2021
A monitor displays Garrett Motion Inc. signage on the floor of the New York Stock Exchange
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Garrett Motion Inc., a maker of turbochargers and other automotive equipment, is exploring strategic options including a sale, according to people familiar with the matter. The stock rose as much as 17%.
The Rolle, Switzerland-based company is working with an adviser on a possible sale, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Garrett is expected to attract interest from companies looking to enhance their electric-vehicle operations, one of the people said. Nothing is imminent, the people added.