Hyundai Motor sees rising competition from Japanese rivals

Newswire

SEOUL, July 28 (Reuters) - South Korea's Hyundai Motor expects Japanese rivals to move to aggressively boost market share in the United States and other markets as they recover from the March 11 quake, a senior executive said. Hyundai has no immediate plan to raise its incentives to fend off competition, although it will cope with any market changes, Lee Won-hee, CFO of Hyundai Motor, told analysts. (Reporting by Hyunjoo Jin; Editing by Jonathan Hopfner)

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