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.
Automobiles
Renault CEO plots China return as joint venture restructures
New alliance with Geely focused on getting South Korea back on track
The French automaker returned to the black last year, but its Chinese and South Korean operations continued to lose money. © Reuters
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