Is Nissan Finally Going To Kill The Titan?

Until lately, things haven't been much fun for the man once hailed as the auto industry's rock-star CEO. Back when he turned around a nearly bankrupt Nissan in 2000, Ghosn was so revered that he became the subject of a superhero comic book in Japan. Bill Ford tried to hire him, and last year General Motors' largest shareholder sought to engineer a marriage with Nissan and Renault (Ghosn is chief of both companies, which hold equity stakes in one another). But after GM chairman Rick Wagoner rebuffed Ghosn, things took a turn for the worse. With few new models in the showroom, Nissan's U.S. sales slid 5.3 percent last year and Ghosn (rhymes with phone) missed his profit goals for the first time, earning $3.9 billion instead of his promised $4.4 billion in 2006. Suddenly, the auto industry's renaissance man—born in Brazil, reared in Lebanon, schooled in Paris—appeared human. So earlier this year he hunkered down and declared a "performance crisis" at his company. He lit a fire under his designers to accelerate new models. He unsheathed the cost-cutting knife that won him a reputation as "Le Cost Killer." Still, with Nissan's stock falling 13 percent this year, analysts who once were Ghosn groupies turned on him. "The glory days," one wrote, "are long gone."
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