Auto parts maker Mando will revamp its business portfolio by spinning off its autonomous driving business.
Mando, a Korean auto parts maker, said Monday it has struck a deal to supply automotive suspension systems to Volkswagen Group.
Automobile parts developer Mando bought all shares of Mando-Hella Electronics (MHE) for 165 billion won ($148 million) on Wednesday with the aim of scaling up production of components for autonomous driving vehicles overseas.
Korea JoongAng Daily Sitemap