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%
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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.