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S.Korea’s Hyundai Mobis considers separating businesses into new units

08/18/2022

Less than a minute

2022.08.18 10:30

S.Korea's Hyundai Mobis considers separating businesses into new units
FILE PHOTO: The logo of Hyundai Mobis is seen during the 2019 Seoul Motor Show in Goyang, South Korea, March 28, 2019. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – South Korea’s Hyundai Mobis Co Ltd said on Thursday it was considering separating its modules and key parts businesses into new units to enhance each unit’s expertise and maximize efficiency.

The auto parts maker plans to hold a board meeting in September to approve plans to separate the businesses into wholly-owned units expected to be launched in November, Hyundai Mobis said in a regulatory filing.

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08/18/2022

Less than a minute