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Stellantis to Launch EUR3 Billion Buyback After Record Year

By David Sachs


Stellantis said it will launch a buyback of 3 billion euros after posting record sales and aftertax profit in 2023 despite a slower second half.

The multinational carmaker. ....

Natalie Knight , David Sachs , Dow Jones ,

Renault, Stellantis shares rally as investors cheer cash haul

Shares in Renault
hit two-month highs and rival Stellantis
shot to record highs on Thursday after the carmakers pledged to
reward investors with a big jump in annual dividend and a share
buyback worth. ....

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Stellantis Buyback Drives Shares Higher as Turbulent Year Looms

(Bloomberg) Stellantis NV rose to a record with plans for a new buyback and higher dividend offsetting warnings of a tough year ahead on softer vehicle prices.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsThe Brutal Reality of Plunging Office Values Is HereTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedDip Buyers Wade Back In to Fuel Wall Street Gains: Markets Wr ....

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Carmaker Stellantis' second-half profits hit by North A...

Carmaker Stellantis on Thursday reported an 13% decrease in net profits in the second half of 2023 due to the impact of strikes in North America, its profit center, as it heads into a year it expects to be “turbulent.” ....

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Stellantis warns of turbulent 2024 after operating profit drop

By Giulio Piovaccari MILAN (Reuters) -Stellantis warned on Thursday of a turbulent year ahead after its operating profit fell 10% in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse. Union strikes in North America, which ended with record salary increases for workers at the… ....

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