COVID, Honeywell Asbestos Payments Send Auto Parts Maker Into Bankruptcy

(September 22, 2020, 10:04 AM EDT) -- NEW YORK — Global auto parts maker Garrett Motion Inc., with a major manufacturing plant in Wuhan, China, filed for Chapter 11 protection Sept. 20 in New York federal bankruptcy court due to the "significant long-term burden" the company faces from the COVID-19 pandemic and the asbestos liabilities it inherited from Honeywell International Inc. (In re Garrett Motion Inc., et al., No. 20-bk-12212, S.D. N.Y. Bkcy.)....