HONG KONG -- Groupe Renault is in retreat in China just as its European rival BMW is about to take majority ownership of its joint venture with a local partner there. But CEO Luca de Meo says the French automaker will return to the world's largest car market.
"We got to go back to China, and one day, I hope it will happen," de Meo said at an earnings press conference held on Friday. China is a "front-runner in many technologies and in consumer demand," he said, adding that Renault would have to offer something unique to order to mount a comeback.
