Garrett turbo files for bankruptcy
I didn't see this one coming. I hope they can hold it together and get back on their feet again. They make great turbos. Garrett turbocharger files for Chapter 11.
Forum Discussion
BenK wrote:
IMHO...screwed by corporate management (that bought them)
Investors got one new Garrett share for every 10 Honeywell shares they owned. No one bought them. Looks like it was just done to get out from under the asbestos liability.
So will the liability go back to Honeywell if Garrett goes bust?
