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.
EST Microsoft (MSFT) sees $800M charge from GM no longer funding robotaxiPick the best stocks and maximize your portfolio:Discover ...
Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now ...
General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully ...
General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.
General Motors abandoned its ambitious and costly Cruise robotaxi development on Tuesday and several analysts reacted ...
Microsoft announced an $800 million impairment charge due to General Motors' termination of its Cruise autonomous vehicle ...
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