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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.

31mon MSN

Microsoft to take $800 million hit from this sudden U-turn by General Motors

Microsoft announced an $800 million impairment charge due to General Motors' termination of its Cruise autonomous vehicle ...

13h

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 Times6h

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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