Musk-Trump Relationship Good for All Carmakers, Hyundai CEO Says

Elon Musk’s close relationship with incoming US President Donald Trump could be good for all automakers, according to the new chief executive officer of Hyundai Motor Co., who dismissed concerns over the influence the Tesla Inc.boss may wield.

“I don’t see that as a concern, honestly,” Jose Munoz said during his first television interview since assuming the top role at the world’s third-biggest automaker on Jan. 1. “Having someone who is very close to the US industry and to the EV world should be positive.”

Musk has become a key member of Trump’s inner circle and is ...