Honda shares soar 16% after buyback announcement
Honda shares soared more than 16 percent on Tuesday after the Japanese auto giant announced a buyback of up to 1.1 trillion yen ($7 billion) the previous day. The buyback announcement came as Honda and its struggling rival Nissan agreed on Monday ...
By AFP |
ETMarkets.com
Honda shares soared more than 16 percent on Tuesday after the Japanese auto giant announced a buyback of up to 1.1 trillion yen ($7 billion) the previous day.
The buyback announcement came as Honda and its struggling rival Nissan agreed on Monday to launch talks on a merger seen as a bid to catch up with Chinese companies and Tesla on electric vehicles.
The buyback announcement came as Honda and its struggling rival Nissan agreed on Monday to launch talks on a merger seen as a bid to catch up with Chinese companies and Tesla on electric vehicles.
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