Suzuki Motor Corp. bought back 17 percent of its own shares for 226.8 billion yen from what was its top shareholder, General Motors Corp., Suzuki officials said Tuesday.

The buyback, totaling 92.36 million shares, came after the world’s largest automaker notified the manufacturer of cars and motorcycles that it planned to slash its stake in Suzuki to 3 percent from 20 percent as part of its restructuring efforts.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.