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 ...

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 (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 ...

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 ...

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.

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 ...

Tech giant Microsoft (MSFT) said yesterday that it expects to incur a one-time impairment charge of $800 million from General Motors’ (GM) Cruise business closure. The charge will impact the ...

GM this week said it will no longer fund the operation, Cruise, citing the high costs to develop the technology and build out a fleet of vehicles. Microsoft had announced a minority investment in ...

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 ...