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 ...

GM owns about 90% of Cruise. A former Microsoft exec, Marc Whitten, was named CEO of Cruise earlier this year. The automaker said this week that it will combine Cruise and its internal teams into ...

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 ...

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 ...

Microsoft will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program. The tech giant expects to incur the charge ...

Microsoft said it expects to take an impairment charge of roughly $800 million after General Motors halted the development of Cruise autonomous vehicles. The tech giant and others like Honda and ...

Microsoft to record an impairment charge of $800 million in the second quarter of fiscal 2025. This follows General Motors exit from funding Cruise‘s robotaxi development. What Happened ...

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 ...

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.

Microsoft MSFT-0.78%decrease; red down pointing triangle will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.

Microsoft MSFT1.28%increase; green up pointing triangle will record an $800 million impairment charge tied to its minority investment in General Motor’s now-scrapped robotaxi program Cruise.