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Peugeot Maker’s Conviction It Can Endure Downturn Lifts Fiat

  • French carmaker beats profit estimates, raises dividend
  • Shares of merger partner Fiat Chrysler surge up to 7.9%
PSA Group Chief Executive Officer Carlos Tavares Announces Full Year Results
Photographer: Christophe Morin/Bloomberg
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Peugeot maker PSA Group defied mounting pessimism in the car industry by raising its dividend and offering assurances to investors that it can withstand a deepening slump.