Article: BRIEFING - ASIA AUTOMOTIVE - FEB 19, 2008.

An executive briefing on the automotive industry for Feb 19, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

HYUNDAI MOTOR DENIES INTENT TO INCREASE SHINHEUNG STAKE

SEOUL - Hyundai Motor Co. (KSE:005380), South Korea's largest carmaker, on Tuesday denied media reports that it plans to buy an increased stake in Shinheung Securities Co. KSE:005380), a second-tier brokerage in which the automaker recently bought a controlling stake.

The reports are "groundless," Hyundai Motor said in a regulatory filing.

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