Hyundai Motor is poised to appoint Munoz, 53, as global chief operating officer in South Korea and president of Hyundai Motor America.
The South Korean automakers have recalled more than 2.3 million vehicles since 2015 to address various engine fire risks.
The money from Hyundai's subsidiary Kia Motors will largely be used to help Ola increase its electric vehicle fleet.
The all-new Sonata takes its inspiration from the award-winning Le Fil Rouge concept and attracts attention with its Sensuous Sportiness design.
The automaker says about 2,000 employees in China took voluntary retirement or transferred to other factories.
The saloon and the wagon received an updated Cascading Grille in the latest range of models, new wheel rim designs and revised bumper treatments.
While second-hand vehicles dominate sales in the Horn of Africa country, Hyundai hopes locally-assembled cars could prove attractive given the cost of imports due to high taxes.
Hyundai Motor shares closed 0.8% higher on Thursday after falling as much as 3.5% following the earnings announcement.
The redesigned sedan conveys emotion with a new intense design while delivering a sophisticated driving experience.
Hyundai and Kia are planning to commercialise their own autonomous vehicles in 2021 and launch fully autonomous vehicles by 2030.
Indonesia has ample reserves of nickel laterite ore, a vital ingredient for the lithium-ion batteries used to power EVs.
In September, Elliott, run by billionaire Paul Singer, made a fresh proposal for Hyundai's ownership structure and suggested adding new independent directors to its respective boards.
The head of Hyundai Motor's US operation, Lee Kyung-soo, also stepped down to become an adviser to the company.
The automaker is also bracing for a decision from the US as to whether it will slap tariffs on imports of vehicles and vehicle parts.
In 2015, Hyundai recalled 470,000 US Sonata sedans, saying engine failure would result in a vehicle stall.
South Korea's Hyundai and Japan's Toyota are among a handful of car makers doubling down on hydrogen vehicles amid an intensifying global race to develop greener technologies to replace combustion engines.
Samsung's Lee Jae-yong and the heads of the SK and LG groups will all be part of President Moon Jae-in's delegation as he heads for a meeting with the North's leader Kim Jong Un.
Hyundai Motor Group says Chung Eui-sun is promoted to better respond to 'deteriorating global trade issues' and changes in competitive dynamics in major markets.
Hyundai completely redesigned the Santa Fe earlier this year, and it's starting to appear on the streets with its aggressive and stylized new look.
Across Asean, sales of South Korean cars are growing, with those of Hyundai-Kia rising 26% on year to 71,847 cars.
Demand for auto-grade metal is rising in India as companies such as Hyundai Motor Co ramp up production - Japanese and South Korean companies will be encouraged to start greenfield projects.
Besides its premium design, the Hyundai Tucson 2.0 CRDi is durable, efficient in performance, and priced just right.
Nissan and Hyundai are wary of the ramifications of trade tensions between China and the US.
The disappointing results paint a gloomy outlook for Hyundai that is trying to revive its sales in the United States with its recent launch of a new Santa Fe sports utility vehicle (SUV).
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