Hyundai Motor names U.S. chief as co-CEO before Trump return

Jose Munoz credited with achieving record sales in North America

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South Korea's Hyundai, which together with affiliate Kia is the world's third-biggest automaker, currently has three co-CEOs. © Reuters

SEOUL (Reuters) -- Hyundai Motor has named Jose Munoz, its U.S. chief and global chief operating officer, as co-CEO, the first appointment of a foreign national to that rank at a major South Korean conglomerate.

The move -- along with the appointment of a former U.S. diplomat to oversee global external affairs -- is expected to help the automaker navigate potential challenges posed by a second Trump administration.

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