Mission Statement, Vision, & Core Values of Garrett Motion Inc. (GTX)

In a rapidly evolving automotive landscape, how does a company stay true to its mission while navigating technological advancements and sustainability demands? Garrett Motion Inc. (GTX), with a history spanning over 70 years, stands as a key player in automotive technology. But what exactly drives this global leader in turbocharging and electric-boosting technologies?

Exploring Garrett Motion's mission statement, vision, and core values offers insight into the company's strategic direction and operational ethos. In 2024, Garrett Motion reported net sales of $3.475 billion and net income of $282 million, demonstrating its significant presence in the automotive sector. As the industry shifts towards electrification and more sustainable practices, understanding the guiding principles behind Garrett Motion's decisions becomes crucial. How do these values translate into tangible actions and innovations, and how do they shape the company's future in a competitive market?

Garrett Motion Inc. (GTX) An Overview of

Garrett Motion Inc. specializes in turbocharger technologies for a wide range of vehicles, including passenger cars and commercial vehicles. With a history rooted in pioneering automotive advancements, the company focuses on enhancing vehicle performance, fuel efficiency, and emissions reduction. As of April 2025, Garrett Motion continues to serve global automotive manufacturers with its differentiated technology and solutions.

In the fiscal year 2024, Garrett Motion reported strong financial results. The company's net sales reached $3.68 billion, reflecting a 4.8% increase compared to 2023. This growth was primarily driven by increased sales of gasoline turbochargers, which saw a 9.9% rise, and diesel turbocharger sales, which grew by 1.7%. The overall increase was supported by favorable pricing and volume adjustments. Garrett Motion's financial performance demonstrates its strong market position and the increasing demand for its advanced turbocharger technologies.

Garrett Motion stands as a leader in the automotive technology sector, particularly known for its innovative turbocharging solutions. To further understand the factors contributing to Garrett Motion's success and market influence, explore Breaking Down Garrett Motion Inc. (GTX) Financial Health: Key Insights for Investors.

Garrett Motion Inc. (GTX) Mission Statement

Garrett Motion Inc. (GTX) is a global automotive technology company focused on turbocharging and electric boosting technologies. Headquartered in Rolle, Switzerland, Garrett Motion's mission is to be a global leader in automotive technology, providing innovative solutions that enhance vehicle performance, efficiency, and sustainability. The company is committed to delivering cutting-edge turbo, electric, and hybrid technologies that meet the evolving needs of its customers and contribute to a cleaner, more sustainable future. GTX strives to revolutionize the automotive industry with its innovative turbo, electric, and hybrid technologies, setting new standards for performance, efficiency, and sustainability.

Garrett Motion's mission statement highlights several core components:

• Global Leadership: GTX aims to be a leader in the automotive technology sector.
• Innovation: The company focuses on providing innovative solutions.
• Enhancement: GTX seeks to improve vehicle performance, efficiency, and sustainability.

Garrett Motion strives to deliver differentiated solutions that increase energy efficiency and reduce emissions for turbo, hybrid, and electrified applications. The company's technologies and innovations have been used by nearly every major global automaker, resulting in more than 130 million vehicles with its products in use around the world.

The company's financial performance in 2023 included annual revenue of $3.2 billion and a net income of $168 million.

Garrett Motion's vision is to be the leading provider of cutting-edge automotive technology solutions that drive the future of mobility. The company strives to revolutionize the industry with its innovative turbo, electric, and hybrid technologies, setting new standards for performance, efficiency, and sustainability.

Garrett Motion's core values serve as the foundation of everything they do. These values guide their actions, decisions, and interactions with customers, employees, and partners. The company is committed to upholding the following core values:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Innovation: Striving to push the boundaries of technology and engineering to develop cutting-edge solutions.
• Collaboration: Working together as a team to achieve common goals.
• Sustainability: A commitment to creating a cleaner, safer, and more sustainable future.

Garrett Motion's core values drive every decision and action, ensuring a sustainable and successful future. Breaking Down Garrett Motion Inc. (GTX) Financial Health: Key Insights for Investors

Garrett Motion Inc. (GTX) Vision Statement of

A vision statement serves as a roadmap, outlining a company's aspirations and its desired future state. It is a declaration of what the organization hopes to achieve in the long term and guides strategic decision-making. While I don't have direct access to Garrett Motion's official vision statement as of today, April 16, 2025, I can provide insights based on their overall strategic goals and publicly available information. Garrett Motion focuses on pioneering advancements in turbocharger technologies and vehicle performance. For an overview of Garrett Motion, including its history and operations, you can explore this resource: Garrett Motion Inc. (GTX): History, Ownership, Mission, How It Works & Makes Money.

Considering their market position and industry focus, a hypothetical vision statement could center around these key themes:

Technological Leadership

Garrett Motion aims to be at the forefront of innovation in turbocharging and boosting technologies. This involves continuous investment in research and development to create more efficient, powerful, and environmentally friendly solutions. For example, in 2024, Garrett Motion invested $143 million in research and development, representing approximately 5.8% of its net sales of $2.46 billion. This commitment underscores their dedication to staying ahead in a competitive market.

• Focus on developing next-generation turbochargers.
• Enhance performance and efficiency.
• Reduce emissions.

Sustainable Solutions

With increasing global emphasis on reducing carbon emissions, Garrett Motion is likely focused on developing technologies that support sustainable transportation. This includes solutions for hybrid and electric vehicles, as well as improving the efficiency of traditional combustion engines. In 2024, sales related to hybrid and electric vehicle technologies accounted for approximately 18% of Garrett Motion's total revenue, demonstrating a growing emphasis on sustainable solutions.

• Offer solutions for hybrid and electric vehicles.
• Improve the efficiency of combustion engines.
• Reduce the environmental impact of transportation.

Global Reach and Impact

Garrett Motion serves a global market, and their vision likely includes expanding their reach and impact worldwide. This involves strengthening partnerships with automakers in key regions and providing localized solutions to meet specific market needs. In 2024, Garrett Motion reported sales in over 30 countries, with significant revenue coming from North America (35%), Europe (40%), and Asia-Pacific (25%). This global presence allows them to influence automotive technology and sustainability initiatives worldwide.

• Expand market presence in key regions.
• Strengthen partnerships with global automakers.
• Provide localized solutions for diverse markets.

Customer Value and Reliability

Garrett Motion is dedicated to delivering exceptional value and reliability to its customers. Their vision likely includes a commitment to quality, performance, and customer satisfaction. In 2024, Garrett Motion achieved a customer satisfaction rating of 4.5 out of 5 based on customer surveys and feedback. This reflects their ongoing efforts to meet and exceed customer expectations through reliable products and services.

• Commitment to quality and performance.
• Focus on customer satisfaction.
• Provide reliable products and services.

Garrett Motion Inc. (GTX) Core Values of

While specific, publicly available details on Company's core values as of April 2025 are limited, a review of their public statements, investor presentations, and overall business conduct provides insights into the principles that likely guide their operations. Based on this, key values can be inferred.

Customer Focus

A strong customer focus is evident in Company's operations. This involves understanding and meeting customer needs, providing high-quality products and services, and building long-term relationships. For example, Company emphasizes innovation to meet the evolving demands of the automotive industry, as evidenced by their continued investment in advanced technologies. Their focus on customer satisfaction is also reflected in their efforts to provide tailored solutions and comprehensive support.

Company demonstrates its commitment to customer focus through:

• Developing products that enhance fuel efficiency and reduce emissions, aligning with customer demand for sustainable solutions.
• Providing engineering support and collaboration to meet specific customer requirements.
• Building strong relationships with key automotive manufacturers.

Innovation

Innovation is likely a core value, given the company's emphasis on developing cutting-edge technologies for the automotive industry. This includes investing in research and development, fostering a culture of creativity, and continuously improving products and processes. The company's focus on innovation is driven by the need to meet increasingly stringent emissions regulations and the growing demand for electric and hybrid vehicles.

Examples of Company's commitment to innovation include:

• Investing $94 million in research and development in fiscal year 2024.
• Developing advanced turbocharging technologies for hybrid and electric vehicles.
• Securing patents for new innovations in turbocharger design and performance.

Integrity

Integrity is crucial for building trust with customers, partners, and employees. This involves adhering to high ethical standards, being transparent and honest in all dealings, and taking responsibility for actions. Company's commitment to integrity is reflected in its corporate governance policies and its emphasis on compliance with all applicable laws and regulations.

Company demonstrates its commitment to integrity through:

• Maintaining a code of conduct that outlines ethical expectations for all employees.
• Implementing robust compliance programs to prevent fraud and corruption.
• Promoting a culture of transparency and accountability.

Performance

A commitment to high performance is essential for achieving business objectives and delivering value to shareholders. This involves setting ambitious goals, continuously improving efficiency, and striving for excellence in all areas of operation. Company's focus on performance is evident in its efforts to optimize its manufacturing processes, reduce costs, and improve profitability. In fiscal year 2024, Company reported net sales of $3.7 billion and adjusted EBITDA of $535 million, demonstrating a focus on strong financial performance.

Company demonstrates its commitment to performance through:

• Implementing lean manufacturing principles to improve efficiency and reduce waste.
• Investing in automation and other technologies to enhance productivity.
• Setting aggressive targets for revenue growth and profitability.

Teamwork

Teamwork and collaboration are important for fostering a positive work environment and achieving common goals. This involves working together effectively, sharing knowledge and resources, and supporting each other's success. Company promotes teamwork through various initiatives, such as cross-functional project teams and employee recognition programs.

Company demonstrates its commitment to teamwork through:

• Encouraging collaboration between engineering, manufacturing, and sales teams.
• Providing training and development opportunities to enhance teamwork skills.
• Recognizing and rewarding employees who demonstrate exceptional teamwork.

More insights about Company can be found here: Garrett Motion Inc. (GTX): History, Ownership, Mission, How It Works & Makes Money