Renault SA, the French auto maker that once billed itself as "the one to watch," is taking a wait-and-see approach when it comes to returning to the U.S. In the meantime, the company will concentrate on further cultivating its partnership with Japan’s Nissan Motor Co. Ltd., developing its emerging markets car via Romania’s Automobile Dacia SA and turning its fast-developing Renault-Samsung Motors Inc. operation in South Korea into a global player, top company executives say in interviews. ...

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