Full-year profit rose 11% to 18.6 billion euros . Stellantis' North American revenues, accounting for nearly half of the carmaker’s total, dropped 5.6% in the second half of the year to 40.5 billion euros from 43 billion euros on lower shipments that eroded its market share. Stellantis’ European revenues were flat in the second half of the year at 31.7 billion euros. Stellantis paid shareholders 6.6 billion euros last year through dividends and buybacks, up 53% from 2022. The carmaker said it plans to increase dividend payments by 16% this year, to 1.55 euros per share, and buy back another 3 billion euros in shares.

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Persons: Stellantis, Natalie Knight Organizations: MILAN, Peugeot PSA, FCA, Detroit, South, Pacific Locations: North America, South America, China, India