GTX - RF Capital Management - Garrett Motion Inc.
The following segment was excerpted from this fund letter.
NEW HOLDING - Garrett Motion (GTX)
Garrett Motion is an automotive supplier that makes turbochargers, electric boosting technology, and automotive software. Long-term customer relationships include Ford (F), Volkswagen (VWAGY) (VLKAF), Daimler (DDAIF) (DMLRY), BMW (BMWYY), Hyundai (HYMLF) (HYMTF), Renault (RNSDF) (RNLSY), and Caterpillar (CAT). Currently, the turbocharger market is growing faster than vehicle production due to tougher CO2 regulations. IHS and industry sources project 6% CAGR over the 2018-2022 period versus 1%-2% CAGR for vehicle production. The only other major global player that competes with