Hyundai Motor has named chief operating officer José Muñoz as the first foreign leader of the world’s third-largest carmaker, as the South Korean company gears up for Donald Trump’s second presidency.

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.