UPDATE 1-Korea's Hyundai Motor targets 7 pct sales rise

Newswire

(Adds shares, details) SEOUL, Jan 29 (Reuters) - Top South Korean auto maker Hyundai Motor Co said on Wednesday it expected sales to rise more than seven percent to a record 28.2 trillion won, or $24 billion, in 2003, betting on stronger exports of high-end cars. Racy new models, improving quality and extended warranties have helped South Korea become the fifth-largest producer of automobiles, behind the United States, Japan, Germany and France. Hyundai, 10 percent owned by German-U.S. ...

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