Reportedly, Eaton is considering spinning off its automotive business division, with a possible valuation as high as $5 billion.

According to informed sources, the power management company Eaton is considering strategic options to spin off its automotive business unit, which could be valued as high as 5 billion US dollars. The automotive business unit manufactures transmission components, clutches, and engine valves, and its sales in the third quarter of last year decreased by 8% year-on-year to 639 million US dollars.