k31th less WHY; more WOT Site Developer 28,303 Member For: 16y 15d Gender: Male Location: Melbourne Posted 23/09/20 01:06 AM Share Posted 23/09/20 01:06 AM morning all, happy Wednesday Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,128 Member For: 9y 2m 27d Gender: Male Location: South Australia Posted 23/09/20 09:24 AM Share Posted 23/09/20 09:24 AM Garrett files for bankruptcy but will likely live on https://www.driven.co.nz/news/iconic-turbocharger-manufacturer-garrett-files-for-bankruptcy/ Link to comment Share on other sites More sharing options...
k31th less WHY; more WOT Site Developer 28,303 Member For: 16y 15d Gender: Male Location: Melbourne Posted 23/09/20 09:29 AM Share Posted 23/09/20 09:29 AM interesting that NZ is the place where they filed for bankruptcy... surely there's a good reason for that. Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,128 Member For: 9y 2m 27d Gender: Male Location: South Australia Posted 23/09/20 09:33 AM Share Posted 23/09/20 09:33 AM (edited) Could be, I don't know. I thought it was interesting they are asking an arm and a leg for their turbos then reckon they don't sell enough. Edited 23/09/20 09:35 AM by Puffwagon Had to scratch my sack Link to comment Share on other sites More sharing options...
k31th less WHY; more WOT Site Developer 28,303 Member For: 16y 15d Gender: Male Location: Melbourne Posted 23/09/20 09:38 AM Share Posted 23/09/20 09:38 AM they sell to OEMs so don't need to worry too much about aftermarket sales haha Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,128 Member For: 9y 2m 27d Gender: Male Location: South Australia Posted 23/09/20 09:46 AM Share Posted 23/09/20 09:46 AM Yeah I figured that. It's a bit odd that more OEM's are using more turbos now than ever before, yet they are still going broke. I guess we'll never know cos Garrett reckon they were shafted by an asbestos court case and Honeywell reckon they are full of it. Link to comment Share on other sites More sharing options...
biddie_fiddler [IMPULSIV3] Donating Members 1,370 Member For: 5y 27d Gender: Male Location: Perth, WA Posted 23/09/20 12:48 PM Share Posted 23/09/20 12:48 PM Excuse the ignorance but wtf does asbestos have to do with turbos? 😋 How does a court case like that screw them. And Honeywell can suck a toe. All they do is try to buy their way into industries. Damn them and all their money! Link to comment Share on other sites More sharing options...
k31th less WHY; more WOT Site Developer 28,303 Member For: 16y 15d Gender: Male Location: Melbourne Posted 23/09/20 12:57 PM Share Posted 23/09/20 12:57 PM probably something to do with the materials older turbo's are made of... or the buildings they were manufactured in. Link to comment Share on other sites More sharing options...
Rab WOT? Moderating Team 10,980 Member For: 11y 2m Gender: Male Location: Frankston, 3199 Posted 23/09/20 01:38 PM Share Posted 23/09/20 01:38 PM Sounds to me like Garret was bought from Honeywell a couple of years ago including all good will and also a 28yo court case exepmtion from further presecution that was about to expire. Exemption from extensive damages expired and some of the problems are still problems that are bankrupting them. Honeywell call BS and say the current owners only have themselves to blame. Nothing says it was in NZ that they filed for bankruptcy - Chapter 11 isn't anything unusual in the US - maybe a strategy to counter any other claims coming forward Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,128 Member For: 9y 2m 27d Gender: Male Location: South Australia Posted 23/09/20 02:15 PM Share Posted 23/09/20 02:15 PM Seems like a thing. On that note I'm thinging myself into bed for some sleep gains Link to comment Share on other sites More sharing options...
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