Microsoft will take $800 million charge on Cruise investment

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.
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.
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
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit
Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors' exit of the Cruise autonomous driving business, the tech giant said in a filing on Wednesday.
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.
Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker
Microsoft Corp (NASDAQ: MSFT) has said that it will be recording an impairment charge of approximately $800 million in the second quarter of fiscal year 2025, according to an SEC filing. This follows General Motors Co (NYSE: GM) exit from funding Cruise‘s robotaxi development.
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
Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi Program
Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motor’s now-scrapped robotaxi program Cruise.
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 ...
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GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle ...
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 ...
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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 ...