Hyundai says no incentives in response to Toyota recalls

Hyundai Motor announced today that it would not introduce any temporary measures such as incentive programs to lure customers from Toyota, 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.

[Source: Reuters]