Hyundai, Kia poised to gain from Japanese automakers' setbacks
Korean automakers could absorb replacement demand in key overseas markets as Japanese rivals deal with weakening sales and prolonged production disruptions after a powerful earthquake. Toyota is expected to report second-quarter operating profit of $7.04 billion, down 5% from a year earlier, for a fifth straight on-year decline, with sales falling about 30% in China and the Middle East and about 16% in Oceania. More than 10,000 vehicles may be affected; hybrid sales jump over 50%. Observers see an opening for Korean firms to expand share as