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Microsoft will take $800 million charge on Cruise investment

Hosted on MSN · 8h

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.

MarketWatch · 8h

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.

TechCrunch · 6h

Microsoft will take an $800M hit over Cruise robotaxi shutdown

GM's decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company's minority

9h

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 ...

9h

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 ...

5d

OpenAI aims to attract more investment by removing 'AGI' clause with Microsoft, FT reports

OpenAI is in discussions to remove a clause that shuts Microsoft out of the start-up's most advanced models when it achieves ...

Business Times2h

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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