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Microsoft, GM

Seattle Times · 3h

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.

MarketWatch · 1d

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.

TechCrunch · 1d

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

The Register on MSN7h

Cruise shutdown blastzone increases – Microsoft takes $800M charge

Microsoft announced its minority investment in January 2021, joining Honda and other institutional investors. All told, the ...

17h

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 ...

6h

General Motors’ Decision To ‘No Longer Fund’ Cruise Is A Loss For Accessibility, Too

For many in the low-vision community, self-driving cars represent the zenith of accessibility; no longer must we be at the ...

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 ...

17hon 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 ...

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