Garrett in trouble.
#1
Tweaking Enginerd
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Bad news for consumers of small frame turbos. If Garrett goes away, or drastically reduces R&D budget, innovation will slow across the entire market. As somebody who works in R&D hardware for a publicly traded company, the ONLY thing that gets R&D budget is market share and growth. Without competition, there simply is no motivation to invest.
WSJ Garrett Bankruptcy article
WSJ Garrett Bankruptcy article
#3
Retired Mech Design Engr
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Honeywell is a horrible company. If they cannot get punishing cost reductions from the suppliers to the companies they buy, they will otherwise drive the acquisitions into the ground.
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It's Chapter 11. No big deal, happens all the time. Sucks to be holding outstanding bills against them. I'll pay attention if they go Chapter 7...
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