Honda’s shares surged nearly 16% after the automaker announced a $7 billion share buyback amid merger talks with Nissan, which could create the world’s third-largest carmaker. Both companies are negotiating a merger focused on resource sharing and synergies, with plans to form a holding company listed on the Tokyo Stock Exchange. Discussions are set to conclude by June 2025, with Nissan’s partner Mitsubishi considering joining the new group. Honda reported a robust profit of 1.382 trillion yen, while Nissan struggles with financial challenges, including job cuts and reduced production capacity.
