[REPORTER'S NOTEBOOK] Hyundai Motor's stock rally puts Munoz to test
How much of Hyundai Motor's dramatic stock rally can be attributed to CEO Jose Munoz? Since taking the helm in January 2025 as Hyundai Motor's first foreign CEO, Munoz has faced U.S. tariff pressure, intensifying competition and a rapidly changing auto market. Yet the company's stock has nearly doubled, rising from around 220,000 won ($159) when he took over to the low 400,000-won range in…
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Hyundai Motor's stock has surged nearly in half since CEO Jose Munoz took the reins in January 2025, navigating a host of challenges. Despite U.S. tariff pressures, intensifying competition and a swiftly evolving automotive landscape, the company's shares have climbed from around 220,000 won to the 400,000-won range by August.
Munoz has made significant strides, concentrating on Hyundai's U.S. operations and defending market share amidst a 15% tariff. The firm has bolstered its hybrid vehicle options and bolstered local production in North America. Concurrently, he has encouraged tighter collaboration across Hyundai, Kia, and Genesis in engineering, manufacturing, procurement, and distribution to slash costs and bolster profits.
These endeavors have contributed to Hyundai Motor's robust sales, even as second-quarter revenue reached a record 49.2 trillion won. However, operating profit dwindled by over 20% year-on-year due to mounting tariffs.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- [REPORTER'S NOTEBOOK] Hyundai Motor's stock rally puts Munoz to test koreatimes.co.kr
