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Garrett unveils new turbocharger range and e-powertrain technologies. Garrett Motion showcased a wide range of new products at IAA Transportation 2026, from next-generation turbochargers for commercial vehicles to zero-emission technologies. This includes compact 2-in-1 electric powertrain, which is set to enter production next year through a partnership with Chinese axle manufacturer Hande Axle. Among the highlights was Garrett's newest generation of turbochargers. Speaking to this publication, a company official said the turbocharger is designed for both diesel and CNG applications. It is primarily built for commercial vehicles powered by 13-litre engines, a widely used engine capacity across global markets. The unit continues to push improvements in performance, efficiency, and fuel economy across fuel types, catering to both traditional diesel technology and newer fuels that are gaining-momentum like CNG. Beyond this range, the company also offers large-frame MEG turbochargers platform, built for very large engines used in gensets and even maritime applications, he said. Zero Emission On the zero-emission side, the company presented three key technologies. The first was a centrifugal refrigerant compressor, offering up to 35 kilowatts of cooling power in a notably compact package. It delivers double the cooling capacity of comparable compressors while being 50% smaller, up to 10% more efficient, and quieter, generating less than 10 decibels of noise, he explained. The second was Garrett's 2-in-1 e-powertrain, combining an inverter and electric motor into a single compact unit capable of spinning up to 20,000 RPM, and even higher in some versions. By running at higher speeds for a given power output, he said the motor can be made significantly smaller for the same performance, delivering 300 kilowatts peak and 200 kilowatts continuous power. Since it's built on a scalable platform, the design allows torque characteristics to be adjusted simply by changing the motor's length. This smaller size also means less use of sensitive materials like copper, lamination, and magnets, offering sustainability benefits along with improved vehicle packaging, reduced weight, and better total cost of ownership. These benefits add up significantly for commercial trucks covering large daily distances, potentially even allowing them to carry additional payload, the official said. The third and most tangible showcase was a real-world application of this 2-in-1 powertrain. It was integrated into a full axle beam for a medium-duty truck with an 11.5-tonne load capacity, developed in partnership with Hande Axle, the leading axle supplier in China. In this setup, Garrett supplies the integrated motor and inverter, while Hande Axle contributes the gearbox, axle beams, and brakes, resulting in a compact and lightweight design. An integrated version of this system, slightly different from the display unit, will enter full production next year, marking the company's first start of production (SOP) for this technology with Hande Axle.

Garrett Motion (NASDAQ: GTX) shares drop 11.6% post-earnings despite strong Q2 beat. Garrett Motion (NASDAQ: GTX) has shed approximately 11.6% since its most recent earnings report, underperforming the broader S&P 500 over the same period. The decline has raised questions among investors about whether the stock is due for a reversal or faces continued downward pressure heading into its next earnings release. Garrett reported second-quarter 2026 earnings of 53 cents per share, beating the Zacks Consensus Estimate of 46 cents by 15.2%, with earnings climbing 26.2% from 42 cents in the year-ago quarter. Net sales rose 6.9% year over year to $976 million, surpassing the consensus estimate of $964 million by 1.2%, supported by growth across all product verticals and productivity gains. Adjusted EBIT margin expanded 200 basis points to 15.6%, reflecting a favorable business mix and operational efficiencies across the company's divisions. Gasoline sales advanced 5% year over year, with new application launches and program ramp-ups in Europe, India, and South America providing meaningful support to the category. Diesel sales increased 8%, driven by light commercial vehicle and pickup truck demand across Europe, Asia, and South America, along with program ramp-ups in India. Commercial vehicle and industrial sales climbed 10% year over year, with strong on-highway demand in China and higher North American genset activity for data centers contributing significantly to the result. Industrial turbo sales exceeded $80 million during the first half, and the business is now expected to generate approximately $200 million in full-year sales, supported by power-generation demand. Gross profit increased to $212 million from $181 million, with gross margin improving to 21.7% from 19.8%, as volume growth and productivity more than offset commodity, transportation, and energy inflation. Adjusted EBIT rose $28 million year over year to a record $152 million, with higher volumes contributing $16 million and productivity adding another $10 million to the result. Net income totaled $101 million, up from $87 million a year earlier, while net income margin increased to 10.3% from 9.5%, driven primarily by higher gross profit and lower interest expense. Adjusted free cash flow edged up to $122 million from $121 million, representing 80% conversion from adjusted EBIT, with Garrett ending the quarter holding $788 million of total liquidity. The company repurchased $28 million of common stock during the quarter, bringing year-to-date buybacks to $115 million, while also paying $15 million in dividends during the period. GTX voluntarily repaid $50 million of term-loan debt during the quarter, reducing total debt principal to $1.39 billion from $1.44 billion at the end of 2025. On the technology front, Garrett secured multiple turbocharger awards, including a large North American light vehicle program and a major Garrett MEG award for data-center gensets across multiple regions. The company also began pre-development work on a commercial vehicle electric powertrain with a Japanese truck manufacturer, signaling a broader push into electrified drivetrain solutions. For the full year, Garrett raised its net sales outlook to $3.7 to $3.9 billion and lifted its adjusted EBIT guidance range to $560 million to $600 million, up from the prior range of $520 million to $600 million. Adjusted free cash flow guidance was also increased to a range of $385 million to $475 million, compared with the previous forecast of $355 million to $475 million. Despite the post-earnings share price weakness, Garrett holds a Zacks Rank of 2 (Buy), an aggregate VGM Score of A, and a value grade of A, placing it in the top 20% for value-focused investors.

Automotive turbocharger market to hit $22.35B by 2033. The market is driven by demand for higher engine efficiency, lower emissions and improved performance. Jeff White is the Managing Editor of Counterman. He joined Babcox after a 20-year career in TV News as a Producer. You can contact him at [email protected] Published: August 18, 2026 According to a report from MarketsandMarkets, the automotive turbocharger market is estimated to grow from $15.94 billion in 2026 to $22.35 billion by 2033, with a CAGR of 4.9% over the forecast period. The market is driven by demand for higher engine efficiency, lower emissions and improved performance. Turbocharging enables automakers to extract more power from smaller engines, supporting engine downsizing while maintaining performance. Growing adoption of turbocharged gasoline direct injection (GDI) engines in passenger vehicles, along with steady growth in commercial vehicle and off-highway equipment sales, is expanding demand. Advancements in variable geometry turbocharger (VGT), electronically controlled and electrically assisted turbochargers are improving boost response and efficiency, while hybrid powertrains are creating new opportunities for e-turbo adoption. VGT turbochargers expected to lead technology segment. VGT turbochargers are expected to remain the largest technology segment during the forecast period due to their ability to maintain effective boost across different engine speeds and loads, resulting in stronger low-speed torque, faster response and more precise air management. They also improve fuel efficiency and help engines meet tighter emission requirements, driving higher installation rates across vehicle types. In passenger cars, VGT adoption is expanding as gasoline engines become more highly boosted, increasingly use GDI technology and are integrated with hybrid powertrains. Light commercial vehicles (LCVs) and medium-duty vehicles are also seeing a growing application base as OEMs seek better low-speed torque, fuel economy and tighter control of exhaust emissions. VGT systems have a strong installation base in heavy commercial vehicles, including transit buses and long-haul trucks. With VGT established in commercial vehicles and gaining adoption in gasoline passenger cars and hybrid platforms, it is expected to retain its leading position during the forecast period. Passenger cars projected to be largest vehicle segment. Passenger cars are expected to remain the largest vehicle-type segment, supported by high production volumes and the growing use of turbocharged engines. Their larger share of total vehicle production, approximately 75% to 80% in 2026, supports higher turbocharger adoption. Gasoline engines remain an important application for turbochargers in passenger cars, while the gasoline-diesel mix varies by region. In Europe, gasoline accounted for 26.6% of new car registrations in 2025, compared with 8.9% for diesel, while hybrid-electric vehicles reached 34.5%. In Asia Pacific, gasoline powertrains represent a significant share of passenger-car demand, supported by the region's large production base, while diesel remains more concentrated in commercial-vehicle applications. North America also has a predominantly gasoline-oriented passenger-car market, with diesel demand concentrated in commercial vehicles. Globally, diesel passenger-car demand continues to decline as automakers and consumers shift toward gasoline, hybrid and other electrified powertrains. Turbocharging remains widely used in new diesel vehicles, particularly VGT/VNT systems, which improve boost control, low-speed torque and efficiency. Manufacturers are focusing on faster boost response, improved thermal efficiency and electrically assisted boosting to suit hybrid gasoline powertrains. For example, BorgWarner has expanded its turbocharger programs into gasoline-hybrid passenger vehicles, while Garrett Motion is developing E-Turbo solutions that combine electric assistance with energy recuperation. These initiatives reflect suppliers' readiness to advance turbocharging programs to support the changing passenger-car powertrain landscape. Asia Pacific to remain dominant region. Asia Pacific is expected to remain the leading region in the automotive turbocharger market, driven by its large automotive manufacturing base and a rapidly changing powertrain landscape. According to OICA, China produced 30.3 million passenger cars in 2025, while Japan, India, and South Korea produced 7.2 million, 5.4 million, and 3.8 million, respectively, underscoring the region's substantial production base and providing a strong foundation for turbocharger demand. Passenger-car demand remains largely gasoline-driven in China and India, with GDI engines accounting for a substantial share of gasoline applications, while Japan and South Korea have higher adoption of gasoline-hybrid and HEV powertrains. Commercial vehicles provide an additional, largely diesel-based demand base, particularly LCVs, trucks and buses, although China is seeing a shift toward electric buses. Turbocharger manufacturers are focusing on quicker response, better efficiency, electronic control and electric assistance to meet the needs of newer powertrains. BorgWarner is expanding its turbocharger business into hybrid applications in Asia, while Garrett Motion is developing electrified boosting solutions for hybrid powertrains. With its manufacturing scale, established supply networks and growing adoption of advanced powertrains, Asia Pacific is positioned to remain the largest regional market for automotive turbochargers.