Honda shares surge 17% on $7bn buyback amid Nissan merger talks

Auto giant is working to eliminate financial concerns, says fund manager

20241224 honda mibe

Honda President Toshihiro Mibe says Honda's financial foundation will remain strong even after its 1.1 trillion yen ($7 billion) buyback. (Photo by Mizuho Miyazaki)

Nikkei staff writers

TOKYO -- Shares of Honda Motor jumped Tuesday on a $7 billion share buyback program announced as the Japanese carmaker engages in merger talks with Nissan Motor.

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