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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 ...
MarketWatch6d
Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise
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 Authority24d
Microsoft Expects $800 Million Impairment Charge From GM Cruise Robotaxi Operations Shutdown
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 ...
GeekWire25d
Microsoft will take $800 million charge on Cruise investment as GM exits robotaxi business
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 ...
TechCrunch26d
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 investors. Microsoft, which in 2021 made an ...
Hosted on MSN25d
What went wrong with GM's Cruise
It has poured billions in investments, including from industry heavyweights like SoftBank and Microsoft ... in our vehicles," she added. GM agreed with other Cruise investors that it will raise ...
Investopedia24d
Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis
Microsoft (MSFT) will take an $800 million impairment charge in its second quarter earnings report related to its investment in robotaxi startup Cruise after majority owner General Motors (GM ...
Benzinga.com24d
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 to record an impairment charge of ... the company said. See Also: GM’s Cruise Exit Draws Sharp Reaction From Co-Founder Kyle Vogt: Tesla CEO Elon Musk Says Autonomous Driving Is ...
Yahoo Finance25d
Microsoft will take an $800M hit over Cruise robotaxi shutdown
Cruise raised $2 billion in January 2021 in a round that included Microsoft as well as GM and partner Honda. That raise pushed Cruise's valuation up to $30 billion.
Yahoo Finance24d
Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis
GM said late Tuesday that it would end ... "hands off, eyes on" Super Cruise system. In the filing, Microsoft also informed regulators of the results of a number of shareholder votes from its ...
Morningstar25d
Here's how much of a hit Microsoft is taking with its investment in GM's Cruise
Microsoft (MSFT) and others, including Honda Motor Co. (HMC), gave Cruise a $2 billion boost back in January 2021. GM (GM) on late Tuesday announced plans to scrap funding for Cruise, a move that ...