Hyundai Motor names US chief Jose Munoz as CEO in major reshuffle

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SEOUL : Hyundai Motor named Jose Munoz, current U.S.chief and global chief operating officer, as its new chief executive officer on Friday, marking a rare appointment of a foreign national to the top post at a major South Korean conglomerate.

On Friday, Reuters reported Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, citing sources with direct knowledge of the matter.

The change at the helm of the world's No.3 automaker by sales together with affiliate Kia Corp comes as South Korean businesses that have invested heavily in the United States brace for President-elect Donald Trump's second tenure.

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Category: EconomyBusiness

Markets: SingaporeGeorgiaJapanNorth KoreaSouth KoreaMexicoUnited States

Topics: Global Motor Hyundai Chief Company Korean Jose Officer South President Munoz

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 08:35:36 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Channel News Asia

News ID: 23596865

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