PLYMOUTH, Mich. and ROLLE, Switzerland, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced that its Board of Directors has approved a new share repurchase program for calendar year 2026, authorizing the company to repurchase up to $250 million of the company's outstanding common stock.

This new program will commence on January 1, 2026, following the scheduled expiration of Garrett's current share repurchase program on December 31, 2025.

"Returning capital to shareholders remains a cornerstone of Garrett's financial framework," said Oliver Rabiller, President and CEO Garrett. "Our strong cash flow generation enables us to invest in advanced turbocharging and zero-emission technologies while aiming to return 75% of our Adjusted Free Cash Flow to shareholders over time through dividends and share repurchases."

The new share repurchase program reflects Garrett's disciplined approach to capital allocation, balancing investment in growth opportunities with shareholder returns. The Company's target to return 75% of its Adjusted Free Cash Flow to shareholders is subject to various factors, including industry and market conditions, the price of the Company's common stock, and alternative uses of capital, and actual returns to shareholders may vary over time. There can be no guarantee as to the timing of the declaration and payment of any ...