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StockNews.com
StockNews.com
Business
Anushka Dutta

Just Reorganized, is This Auto Parts Company in Better Shape Now?

Auto parts company Garrett Motion Inc. (GTX) operates as a designer, manufacturer, and seller of turbo-charger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers. The company is headquartered in Rolle, Switzerland.

On April 30, GTX announced the successful completion of its Chapter 11 cases and restructuring, as well as the implementation of its Plan of Reorganization. At its emergence, the company was expected to have approximately 65,035,801 million shares of new common stock issued and outstanding. 

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