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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 · 5h

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

8h

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 ...

9h

Microsoft sees $800M charge from GM no longer funding robotaxi

EST Microsoft (MSFT) sees $800M charge from GM no longer funding robotaxiPick the best stocks and maximize your portfolio:Discover ...

16h

GM shuts down robotaxi project to focus on autonomous vehicles

General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully ...

1d

GM gives up on robotaxis after a string of troubles with Cruise

General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.

1d

What went wrong with GM's Cruise

General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.

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