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.
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 ...
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 ...
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb ...
General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial 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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