Foreign Exchange ImpactGTX reported lower sales for the first nine months of 2024, leading to an anticipation of difficulty in achieving a slight sequential increase in sales in the fourth quarter due to the sharp decline in the Euro against the US Dollar.
Industry SlowdownGarrett Motion (GTX) reported soft third quarter results in line with the slowdown the automotive industry continues to experience.
Market UncertaintyThe state of the global automotive market remains unclear with expectations at the beginning of the year set for growth and now reports suggesting it could be flat.