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GM, Microsoft and Cruise

Investopedia on MSN · 1d

Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis

Key Takeaways Microsoft said it expects to take an impairment charge of roughly $800 million after General Motors halted the development of Cruise autonomous vehicles.The tech giant and others like Honda and Walmart invested in the "robotaxi" startup over the last decade.

Barron's on MSN · 2d

Microsoft Is Losing This Much on GM’s Robotaxi Unit Cruise

Microsoft said on Wednesday it would take an $800 million charge to write down its investment in Cruise—GM’s troubled robotaxi unit. Cruise lost its license to drive in California in October 2023 after a Cruise robotaxi dragged a pedestrian.

Seattle Times · 1d

Microsoft sees $800 million loss on stake in GM’s Cruise

Microsoft plans to take an $800 million charge after General Motors said it was shutting down its autonomous taxi initiative.

2d

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 ...

Microsoft expects share price drop and a $800 million fine after GM exits robotaxi business

General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...

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