Will the global financial crisis force Japanese auto makers to break sacred taboos against such things as reducing exports, closing domestic plants and abandoning lifetime employment? As sales fall at home and abroad and a strong yen turns profits into losses, what was once unthinkable now may be unavoidable, and auto makers may be the leaders other Japanese industrialists follow. A double whammy is battering corporate balance sheets: plunging global demand for their vehicles and the ...
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