From Investing.com: 2024-11-14 22:35:30

Hyundai Motor names Jose Munoz as co-CEO, a rare move for a foreign national in a major South Korean conglomerate. The leadership change aims to boost global competitiveness and prepare for uncertainties in the business environment. Munoz, a U.S. citizen, is credited with Hyundai’s growth in electrification and sales. Trump’s policies on tariffs and subsidies may impact Hyundai and Kia’s U.S. sales of EVs. Munoz’s appointment marks the first non-Korean CEO for Hyundai Motor. He is expected to help navigate potential challenges under a second Trump administration. Hyundai Motor has invested heavily in the U.S. to produce EVs, but faces uncertainties due to potential policy changes under Trump’s administration.



Read more at Investing.com: Hyundai Motor picks first foreign CEO in reshuffle as it braces for Trump By Reuters