Hyundai Motor Co has named Jose Munoz as global chief operating officer and Americas chief. Munoz was was considered an ally and potential successor of Nissan Motor Co Ltd’s ousted Chairman Carlos Ghosn.
The appointment comes at time when plunging sales in both China and the United States, the world’s two-biggest auto markets, has prompted a major management overhaul. In the U.S., Hyundai is also the subject of a regulatory investigation into the timeliness of vehicle recalls involving defective engines.