Carmaker Stellantis has battled through supply issues to post forecast-beating results. The parent of Peugeot, Jeep, Fiat and other brands said that operating profits jumped 17% in the second half
"Production is now okay, it's not perfect because we don't always build the cars we would like to build ... The number of troublemakers is now limited to one or two big Tier 1 ," Tavares said.
It also announced a share buyback programme worth up to 1.5 billion euros for 2023, supported by more than 10.8 billion euros in industrial free cash flow last year, and said it will pay a dividend of 4.2 billion euros on its 2022 results, or 1.34 euros per share. JP Morgan analysts described the results as "strong" and the outlook for 2023 as "solid", adding that the share buyback announcement was unexpected.
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