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Microsoft will take $800 million charge on Cruise investment

Geekwire on MSN · 10h

Microsoft will take $800 million charge on Cruise investment as GM exits robotaxi business

Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced it would no longer fund the initiative as part of a shift in its autonomous driving strategy.

Hosted on MSN · 4h

Microsoft Sees $800 Million Charge on Stake in GM’s Cruise

Microsoft Corp. plans to take an $800 million charge after General Motors Co. said it was shutting down its autonomous taxi initiative.

MarketWatch · 10h

Here’s how much of a hit Microsoft is taking on its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.

12h

General Motors ‘Will No Longer Fund’ Autonomous Vehicle Company Cruise

It was reported Cruise admitted to lying to federal investigators about the event. The news came after the National Highway ...

11h

Honda cuts funding to robotaxi venture with Cruise and GM in Japan

Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now ...

19h

General Motors: Cruise Cancellation Is Not A Big Deal

General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle ...

Business Times4h

Microsoft expects US$800 million impairment charge in Q2 2025 over General Motors’ Cruise exit

MICROSOFT expects to record an impairment charge of around US$800 million in the second quarter of fiscal year 2025 over ...

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