TOKYO – To paraphrase Mark Twain, the report last spring of Nissan Motor Co. Ltd.’s demise was greatly exaggerated. After six straight years of record earnings, the auto maker stumbled in fiscal year 2006 – which ended March 31, 2007 – reporting an 11% decrease in operating income. Industry experts had a field day hanging crepe. Yet Nissan’s fiscal 2006 earnings, with operating income of ¥ 755 billion ($6.7 billion), were the fourth-largest in the company’s history and the fourth-best ...

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