The magic touch of Carlos Ghosn, CEO of Nissan Motor Co. Ltd. in Japan, is no match for the global financial crisis and resulting economic meltdown. The struggle with the new business realities of slower sales, fewer exports, tighter money and a resurgent yen will result in the first loss Japan’s third-largest auto maker has suffered since Ghosn began turning around Nissan in 1999. “Foreign exchange rates are unforgiving and very volatile, and market visibility is very low and ...

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