Cruise, Microsoft and GM

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
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 $800 million charge on Cruise investment as GM exits robotaxi business
Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced it would no longer fund the initiative as part of a shift in its autonomous driving strategy.
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, redirecting Cruise to personal vehicles.
Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise
Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.
Cruise shutdown blastzone increases – Microsoft takes $800M charge
Microsoft announced its minority investment in January 2021, joining Honda and other institutional investors. All told, the players invested $2 billion at the time, bringing the post-money valuation of Cruise to $30 billion. What a difference a few years makes.
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.
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 Corp (NASDAQ: MSFT) has said that it will be recording an impairment charge of approximately $800 million in the second quarter of fiscal year 2025, according to an SEC filing. This follows General Motors Co (NYSE: GM) exit from funding Cruise‘s robotaxi development.
Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis
Key Takeaways 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 Walmart invested in the "robotaxi" startup over the last decade.
Microsoft Takes a $800M Blow from Cruise Robotaxi Closure
Microsoft is set to take an $800 million hit due to General Motors’ decision to shut down its self-driving car subsidiary, Cruise. The impairment charge, disclosed in a regulatory filing, stems from Microsoft’s 2021 investment in the robotaxi company.
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Microsoft expects share price drop and a $800 million fine after GM exits robotaxi business
General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...
Honda cuts funding to robotaxi venture with Cruise and GM in Japan
Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now ...
General Motors Says It’s Pulling Cruise Out of the Robotaxi Business
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...