Garrett Motion designs and manufactures turbochargers for light vehicles, commercial vehicles, and industrial applications, selling primarily to OEMs with a smaller aftermarket business. Turbochargers compress air fed into internal combustion engines, enabling automakers to downsize engines while maintaining performance — a cost-effective way to meet tightening emissions and fuel economy regulations. Garrett's product lineup covers gasoline and diesel light vehicle turbos, heavy commercial and industrial turbos (trucks, agriculture, marine, power generation), and aftermarket replacement parts sold through 370+ distributors across 165 countries. OEM sales account for roughly 86% of revenue, with Stellantis, BMW, and Ford each representing about 11-12% of sales. Garrett wins competitive bids for individual vehicle programs, then supplies turbochargers over the life of that engine platform, with revenue tracking closely to actual OEM production volumes. About 80% of manufacturing is in low-cost countries, and Garrett uses a region-for-region production model to limit tariff exposure. Beyond its core turbo business, Garrett is building three zero-emission product lines — electric motor/inverter systems for EVs, fuel cell air compressors for hydrogen vehicles, and oil-free centrifugal compressors for commercial HVAC — targeting $1B in combined zero-emission revenue by 2030. The aftermarket business, tied to an installed base of nearly 150M turbocharged vehicles, provides a stable, higher-margin revenue stream less tied to new vehicle production cycles.