Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Hyundai Mobis Co. Ltd., a South Korean auto parts manufacturer, revealed on Thursday, Aug. 17, that it is planning to split its modules and parts production divisions and turn them into new wholly owned units. The company is considering this to improve each of the division’s expertise as well as build up their efficiency.
As per Reuters, Hyundai Mobis, which is a subsidiary of Hyundai Motor Co., said that it will be holding a board meeting next month for the approval of the plans to separate the mentioned businesses. The company added in a regulatory filing that, once approved, it expects to launch the new segments in November.
After the completion of the division of Hyundai Mobis’ parts and module units, the new units would be put in charge of production operations of their respective products. They will also manage their own facilities and workforce. On the other hand, the central management will begin to focus on attaining future mobility technologies on top of the development of new products.
The names of Hyundai Mobis’ upcoming new manufacturing subsidiaries for modules and auto parts were not revealed yet. The Korea Herald further reported that the company’s current module production units are operating in Ulsan, Hwasong, Gyeonggi Province, and Gwangju.
For the auto parts unit, it will now be put in charge of the production of airbags, brakes, lamps, steering, and electrification. This will become a separate business once the approval is formalized in the coming months. Later on, these new subsidiaries could expand as the businesses grow and accommodate the demand from local and global clients.
Hyundai Mobis said that its local production plants would remain the major production bases even after the split and establishment of the new auto parts and modules subsidiaries.
Meanwhile, it was reported that the idea of separating the key businesses of Hyundai Mobis was part of Chung Eui Sun’s plan. He is the Hyundai Motor Group’s executive chairman and made the suggestion to boost control over the group through reorganization of his shares in Hyundai Glovis with shares in Hyundai Mobis. The chairman currently owns a 2.6% stake in Hyundai Motor and a 0.3% stake in Hyundai Mobis.
