SEOUL—South Korean auto parts maker Hyundai Mobis Co. Ltd. said on Thursday it was considering separating its modules and key parts production businesses into new wholly owned units in an effort to enhance each segment’s expertise and maximize efficiency.
Hyundai Mobis, an affiliate of automaker Hyundai Motor Co., said in a regulatory filing it aims to hold a board meeting in September to approve plans to separate the businesses, expected to be launched in November.
