Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit
Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors' exit of the Cruise autonomous driving business, the tech giant said in a filing on Wednesday.
It was reported Cruise admitted to lying to federal investigators about the event. The news came after the National Highway ...
Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now ...
General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle ...
Carmaker cites competition, time and costs needed to scale the business.
MICROSOFT expects to record an impairment charge of around US$800 million in the second quarter of fiscal year 2025 over ...
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