Eaton Corp. is considering strategic options for its vehicle unit, people familiar with the matter said, as the electrical equipment maker looks to focus on high-growth businesses under its new chief executive officer.
Eaton Corp. is considering strategic options for its vehicle unit, people familiar with the matter said, as the electrical equipment maker looks to focus on high-growth businesses under its new chief executive officer.
A worker wearing a protective mask assembles truck transmissions at the Eaton Corp. manufacturing facility in San Luis Potosi, Mexico, on Wednesday, May 27, 2020. The U.S. auto industry heavily relies on Mexico for parts and vehicle production. At $93 billion, vehicles were the top import to the U.S. from Mexico in 2018, according to federal data. The Center for Automotive Research reports $60.8 billion, or 39% of auto parts used in the U.S., were imported from Mexico in 2019, reports CNBC.
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