Garrett Motion
18 named things its latest annual report says its results depend on, each in the company's own words. 12 of them are also named by other companies we've read.
Customers
Stellantis N.V.
earns from · 12%named as a riskIn 2025, 2024 and 2023, our sales to Stellantis accounted for 12%, 9% and 9%, respectively, of our total sales.Business (Item 1)
Ford Motor Company
earns from · 11%named as a riskIn 2025, 2024 and 2023, our sales to Ford Motor Company (“Ford”), our third largest customer, were 11%, 10%, and 9%, respectively, of our total sales.Business (Item 1)
Bayerische Motoren Werke AG (BMW)
earns from · 11%named as a riskIn 2025, 2024 and 2023, our sales to Bayerische Motoren Werke AG (“BMW”), our second largest customer, were 11%, 12%, and 12%, respectively, of our total sales.Business (Item 1)
Partners and platforms
Independent aftermarket distributors
depends on · more than 370 distributors covering 165 countriesnamed as a riskAdditionally, we rely upon a network of independent dealers to distribute our aftermarket products.Risk factors (Item 1A)
Places
Low-cost countries manufacturing (China, India, Mexico, Brazil, Romania, Slovakia)
concentrated in · more than 89% of our productsIn 2025, we manufactured more than 89% of our products in low-cost countries, including in seven manufacturing facilities in China, India, Mexico, Brazil, Romania and Slovakia.Business (Item 1)
China
concentrated innamed as a riskFurthermore, a significant portion of our supply chain is concentrated in mainland China and, as a result, our ability to continue filling our supply needs may be adversely affected by changes in, or our failure to comply with, Chinese laws, regulations and standards, and by political risks beyond our control, including but not limited to, trade policies, treaties, government regulations, customer needs and preferences, and new or higher tariffs.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Mexico
operates innamed as a riskAlthough the impact of such measures on our business is subject to a number of unknown factors, including the size, effective date and duration of such measures, future changes in the scope and nature of the tariffs, any retaliatory responses to such tariffs taken by the target countries, and the effectiveness of any mitigating actions that may be available to us, due to our meaningful operations in China and Mexico, the impact may be significant.Risk factors (Item 1A)
Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more
Hazards
Russia-Ukraine war
named as a riskFor example, Russia’s invasion of Ukraine and the global response, including the imposition of financial and economic sanctions by the United States and other countries, have led to supply constraints that have impacted, and may continue to impact, our business.Risk factors (Item 1A)
Also named by ADSK, ATR, AVAV, CSCO, CTVA, EMR, FIS, FLO and 21 more
Commodities and inputs
Euro
exposed to its pricenamed as a riskThe cross-currency swap contracts have been designated as net investment hedges of its Euro-denominated operations.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Grey iron
depends onThe most significant raw materials we use to manufacture our products are grey iron, aluminum, stainless steel and a nickel-, iron- and chromium-based alloy.Business (Item 1)
Laws and programs
Credit Agreement
subject to · $3 millionnamed as a riskFor our outstanding borrowings under the Credit Agreement as of December 31, 2025, a 50 basis point increase (decrease) in interest rates would have increased (decreased) our interest expense by $3 million and ($3) million, respectively, compared to the amount of interest that would have been incurred in such period based on the rates of interest in effect at December 31, 2025.Market risk (Item 7A)
Also named by CELH, COHR, EXE, IRM, MP, RBA, RRGB, STRL and 1 more
OECD Pillar 2 global minimum tax
subject to · 15%named as a riskChanges in tax laws or regulations, including recent tax law changes in the United States and the ongoing global adoption and legislative implementation of the Organization for Economic Cooperation and Development's Pillar 2 initiative, establishing a global minimum corporate tax rate of 15% calculated on a country-by-country basis, could increase tax uncertainty and may adversely impact our effective tax rate and provision for income taxes.Risk factors (Item 1A)
U.S. tariffs
subject tonamed as a riskAlthough the impact of such measures on our business is subject to a number of unknown factors, including the size, effective date and duration of such measures, future changes in the scope and nature of the tariffs, any retaliatory responses to such tariffs taken by the target countries, and the effectiveness of any mitigating actions that may be available to us, due to our meaningful operations in China and Mexico, the impact may be significant.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
United States-Mexico-Canada Agreement (USMCA)
subject tonamed as a riskIn addition to potential increases in customs duties and tariffs in the United States and other countries, the United States-Mexico-Canada Agreement is subject to renewal in 2026.Risk factors (Item 1A)
Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more
Corporate Sustainability Reporting Directive
subject tonamed as a riskThere continues to be a lack of consistent climate regulation across the jurisdictions in which we operate, which creates economic and regulatory uncertainty.Risk factors (Item 1A)
Vehicle emissions and fuel efficiency standards
subject tonamed as a riskConversely, if emissions regulations are weakened, postponed or repealed, demand for emissions-reducing technologies, such as turbochargers, may decline.Risk factors (Item 1A)
Carbon Border Adjustment Mechanism
subject tonamed as a riskThere continues to be a lack of consistent climate regulation across the jurisdictions in which we operate, which creates economic and regulatory uncertainty.Risk factors (Item 1A)