Tokyo  - Suzuki Motors Corp bought back its 3.02-per-cent stake from the US auto giant General Motors Crop (GM), the Japanese automaker said Tuesday.

The purchase of all the 16,413,000 shares came to about 22.37 billion yen (230.7 million dollars), Suzuki said.

Suzuki now owns about 20 per cent of its own outstanding shares, while GM lost its ownership in Suzuki, ending a 27-year investment.

The two automakers would continue joint projects such as development of hybrid cars, fuel cells and power trains.

Tokyo - Stocks opened lower Tuesday in Tokyo as overnight losses on Wall Street spurred concerns over the world recession.

The Nikkei 225 Stock Average fell 82.17 points, or 0.96 per cent, to 8,440.41.

The broader Topix index of all first-section issues was also down 2.23 points, or 0.26 per cent, to 848.26.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 96.42-47 yen, down from Monday's 5 pm quote of 97.10-12 yen.

Tokyo - Suzuki Motor Corp has agreed to buy back its 3.02-per-cent stake from the US auto giant General Motors Corp (GM), the Japanese automaker said Monday.

Suzuki was expected to buy back 16.41 million shares, which are worth 22.37 billion yen (230.7 million dollars), from GM unit Controladora General Motors SA de CV through non-cross trading at the Tokyo Stock Exchange during morning trading Tuesday.

The purchase will be made at 1,363 yen per share, the company said.

The two automakers would continue joint projects such as development of hybrid cars, fuel cells and power trains.

Tokyo - Japan's economy shrank at an annualized rate of 0.4 per cent in real terms in the July-September period, the government said Monday.

The gross domestic product (GDP) fell 0.1 per cent during the three months from the previous quarter, marking the second quarterly drop, the Cabinet Office said.

Looking at the GDP for the July-September quarter, Japanese Economic and Fiscal Policy Minister Kaoru Yosano said Monday that the nation's economy is in a recession, which means that it shrank two quarters in a row.

Tokyo - Tokyo stocks ended modestly higher Monday as investors bought back battered shares, but gains were capped due to anxiety over the slowdown of Japan's economic growth.

The Nikkei 225 Stock Average inched up 60.19 points, or 0.71 per cent, to close at 8,522.58.

The broader Topix index of all first-section issues was also up 3.58 points, or 0.42 per cent, to 850.49.

The government announced Monday that the nation's economy shrank at an annualized rate of 0.4 per cent in real terms in the July-September period.

Tokyo  - Japan's economy shrank at an annualized rate of 0.4 per cent in real terms in the July-September period, the government said Monday.

The gross domestic product (GDP) fell 0.1 per cent during the three months from the previous quarter, marking the second quarterly drop, the Cabinet Office said.

Looking at the GDP for the July-September quarter, Japanese Economic and Fiscal Policy Minister Kaoru Yosano said Monday that the nation's economy is in a recession.