South Korea's Hyundai Motor Co. (005380.SE) will have no interest in a stake in General Motors Corp. (GM) if the beleaguered company goes bankrupt and is up for sale, a company executive said Thursday.

"We don't have such a plan even though the U.S. market is very important to Hyundai Motor," T.H. Chung, senior executive vice president of Financial & Accounting Division, told Dow Jones Newswires.

For 2009, Hyundai is targeting more than 5% market share in the U.S., the world's largest automobile market, compared to an accumulated 4.3% as of the first quarter, he said.

-By Kyong-Ae Choi, Dow Jones Newswires; 822-2198-2236; kyong-ae.choi@dowjones.com