Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GM's actions, according to a regulatory filing.
Microsoft Corp. on late Wednesday warned investors that it will be taking a $800 million charge related to its investment in General Motors Co.’s Cruise robotaxi unit. Microsoft MSFT and others ...
GM announced this week that it will no longer pursue the Cruise robotaxi business. (Cruise Photo) Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after ...
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 ...
Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motor’s ...
Microsoft expects an $800 million impairment charge as the result of GM’s decision to end Cruise robotaxi operations. The impairment charge is expected in the second quarter of the 2025 calendar ...
Microsoft to record an impairment charge of $800 million in the second quarter of fiscal 2025. This follows General Motors exit from funding Cruise‘s robotaxi development. What Happened ...
Investing.com -- Microsoft Corporation (NASDAQ:MSFT) said Wednesday it would take a $800 million writedown in Q2 on its stake in General Motors-backed robotaxi firm Cruise just a day after the ...
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 investors. Microsoft, which in 2021 made an ...
GM owns about 90% of Cruise. A former Microsoft exec, Marc Whitten, was named CEO of Cruise earlier this year. The automaker said this week that it will combine Cruise and its internal teams into ...
Microsoft MSFT-0.78%decrease; red down pointing triangle will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.