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Shares of automakers leap on buyback and dividend increase

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Shares of automakers led European shares increased Thursday, after Renault sharply raised its dividend following a lift to gross sales and Stellantis proposed a €3 billion share buyback.

Paris-listed Renault FR:RNO mentioned late Wednesday that it made a internet revenue in 2023 of €2.315 billion ($2.48 billion), in comparison with a lack of €716 million in 2022.

The…

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