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Microsoft Expects $800M Impairment Charge
Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis
Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in robotaxi startup Cruise after General Motors announced this week that it would halt the development of Cruise's autonomous vehicles.
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.
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
12h
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.
16h
GM Ditches Cruise — Are Robotaxis Dead?
Forget fully autonomous robotaxis: the route to market for driverless technologies now looks like it could be incremental ...
2d
What went wrong with GM's Cruise
General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.
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