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Nissan's Ghosn crisis

Nissan abandons Ghosn's US strategy after earnings plunge

Automaker predicts 47% fall in net profit for current fiscal year

Nissan CEO Hiroto Saikawa speaks during a press conference on May 14 in Yokohama, Japan. (Photo by Yoichi Iwata)

TOKYO -- Nissan Motor will reverse the bullish expansion strategy led by former chairman Carlos Ghosn in pursuit of more moderate growth after its worst earnings performance in more than a decade.

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