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 ...
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 ...
Electronics Weekly2h
GM pulls out of robotaxis
General Motors is giving up its Cruise robotaxi initiative which will save it an annual cost of $1 billion. “We looked at the ...
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 ...
EconoTimes6h
Melek Cigdem-Bayram
EconoTimes is a global, independent publication that delivers comprehensive news, analysis, and insights on the economy, finance, and markets. Based in Korea, we offer a unique perspective on global ...
EconoTimes6h
Jonathan Jones
EconoTimes is a global, independent publication that delivers comprehensive news, analysis, and insights on the economy, finance, and markets. Based in Korea, we offer a unique perspective on global ...
Microsoft Is Losing This Much on GM’s Robotaxi Unit Cruise
The fallout from General Motors ’ decision to move away from self-driving robotaxis is starting to spread. Microsoft said on Wednesday it would take an $800 million charge to write down its investment ...
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 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 ...
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 ...
Here's how much of a hit Microsoft is taking with its investment in GM's Cruise
In terms of per-share earnings, the charge will be a hit of around 9 cents a share to Microsoft's fiscal second-quarter EPS. The FactSet analyst consensus calls for EPS of $3.15 for Microsoft, which ...
Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi Program — Update
Microsoft will record an $800 million impairment charge tied to its minority investment in General Motor's now-scrapped robotaxi program Cruise. The tech giant expects to incur the charge, which is ...