Hyundai says no incentives in response to Toyota recall

SEOUL, Jan 28 (BestGrowthStock) – Hyundai Motor Co (005380.KS: ) said
Thursday it would not introduce any temporary measures such as
incentive programmes to lure customers from Japan’s Toyota Motor
(7203.T: ), which shut down sales of some of its best-selling
vehicles on Wednesday.

“We will maintain our quality and price strategies and stick
to the strategy of unveiling cars with competitive prices,” Park
Dong-wook, a senior vice president of Hyundai’s treasury
division, told a meeting with analysts after quarterly results.

“It is undesirable to link our strategy to the Toyota
problems,” he added.

Stock Market News

(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)

Hyundai says no incentives in response to Toyota recall