Honda Motor shares fall 1.59% premarket after announcing relocation of global head office.

Honda Motor Co., Ltd. declined 1.59% in premarket trading, with the company announcing plans to relocate its global head office function to a new building in Tokyo's central Yaesu district by the end of 2029. The relocation is part of the Yaesu 2-Chome Central District Category-I Urban Redevelopment Project. Additionally, Honda reported a decline in July global production, which may have contributed to the stock's decline.