An investigation on behalf of investors of Garrett Motion Inc. (NYSE: GTX) shares over potential securities laws violations by Garrett Motion Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Garrett Motion Inc. (NYSE: GTX) concerning whether a series of statements by Garrett Motion Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Switzerland based Garrett Motion Inc. designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. Garrett Motion Inc. reported that its annual Total Revenue declined from over $3.37 billion in 2018 to over $3.24 billion in 2019, and that its Net Income decreased from $1.18 billion in 2018 to $313 million in 2019.

On August 26, 2020, Garrett Motion Inc disclosed that the Company's 'leveraged capital structure poses significant challenges to its overall strategic and financial flexibility and may impair its ability to gain or hold market share in the highly competitive automotive supply market, thereby putting Garrett at a meaningful disadvantage relative to its peers.'

Shares of Garrett Motion Inc. (NYSE: GTX) declined from $7.15 per share on August 14, 2020, to as low as $2.54 per share on September 2, 2020.