Munoz's sales success loses luster as Hyundai profits slide
The leadership of Hyundai Motor CEO Jose Munoz is facing a critical test, as the automaker struggles to turn its outward sales growth into sustainable profitability. Munoz joined the carmaker in 2019 as president and global chief operating officer in charge of Hyundai Motor and Genesis in North America. His performance in the region, where he oversaw consecutive sales records and improved…
Hyundai Motor CEO Jose Munoz is facing a stark challenge as the company grapples with dwindling profits despite a surge in sales. Munoz, who took on the role of global CEO in January 2025, has overseen remarkable sales records in North America during his tenure. However, the honeymoon period may be coming to an end. While Hyundai Motor's second-quarter sales hit a record 49.22 trillion won, operating profit plummeted by 20.8 percent, falling to 2.85 trillion won.
This decline has raised questions about the sustainability of the company's growth and whether Munoz's international focus is paying off as intended.
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- Munoz's sales success loses luster as Hyundai profits slide koreatimes.co.kr
