S.Korea's Hyundai Mobis, Mando climb as customer GM wins SoftBank investment

HL Mando

01/06/2018 03:45

** Shares of Hyundai Mobis Co Ltd  012330.KS  and Mando Corp
 204320.KS  rise 2.8 pct and 4.7 pct, respectively
    ** Japan's SoftBank Group Corp  9984.T  to invest $2.25
billion in General Motor Co's  GM.N  autonomous vehicle unit
Cruise  urn:newsml:reuters.com:*:nL3N1T24LR
    ** Hyundai Mobis and Mando are some of the major parts
suppliers to GM cars and Mando's product sales are especially
expected to expand as autonomous vehicle markets grow, said Yoo
Ji-woong, an analyst at eBest Investment and Securities
    ** Broader market  .KS11  up 0.9 pct as of 0238 GMT

 ((Reuters Messaging: dahee.kim@thomsonreuters.com))