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Microsoft will take $800 million charge on Cruise investment

Geekwire on MSN · 13h

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 · 7h

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 · 13h

Here’s how big 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.

14h

Microsoft sees $800M impairment charge in Q2 linked to GM’s Cruise plans

In a regulatory filing, Microsoft (MSFT) stated that in January 2021, Microsoft announced a minority investment in Cruise, an autonomous ...

15h

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 ...

14h

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 ...

Business Times7h

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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