Hyundai Mobis is considering a restructure that would separate parts of its business into new and wholly owned units in an effort to enhance their efficiency.
Such a move has long been mooted and media reports suggest that plans are now advanced enough to go before the board in September.
Go deeper with GlobalData
Some reports suggest that Hyundai Mobis would be left with core businesses such as aftersales and R&D, but that subsidiaries will be responsible for OE production.
The auto industry’s supplier base is facing major challenges currently. Besides the immediate challenge of higher costs in raw materials and energy, longer term challenges include pivoting for advanced technologies while also improving sustainability performance.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
