Ford, GM Brace for Impact in Argentina and Venezuela

The 2014 Ford Fusion Photograph by Daniel Acker/Bloomberg

In the car business this year, financial engineers may be just as important as their mechanical counterparts. As plummeting emerging-market currencies broadside major automakers, the company that has the most finely tuned policies for pricing and hedging exchange-rate risk stands to win big … or at least lose the least.

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