UPDATE 1-Hyundai Motor plans U.S. incentives amid price war

Newswire

(Adds details, shares) SEOUL, Jan 30 (Reuters) - South Korea's top automaker Hyundai Motor , facing a fierce price war, said on Thursday it plans to cut interest rates on financing deals in the key U.S. market for its popular EF Sonata sedans and Santa Fe SUVs. Hyundai, ten-percent owned by U.S.-German automaker DaimlerChrysler AG , is betting on exports to drive up profits in 2003 as domestic sales are not expected to be as strong as last year, after the South Korean government ...

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