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Microsoft Expects $800M Impairment Charge
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 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 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.
1d
What went wrong with GM's Cruise
General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.
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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 ...
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