Microsoft Expects $800M Impairment Charge

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 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 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
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.
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.
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 to Incur $800 Million Charge Tied to Cruise Robotaxi Program
Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motor’s now-scrapped robotaxi program Cruise.
Microsoft Sees $800 Million Charge on Stake in GM’s Cruise
Microsoft Corp. plans to take an $800 million charge after General Motors Co. said it was shutting down its autonomous taxi initiative.
Microsoft sees $800M charge from GM no longer funding robotaxi
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Microsoft sees $800 million loss on stake in GM’s Cruise
Microsoft plans to take an $800 million charge after General Motors said it was shutting down its autonomous taxi initiative.
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What went wrong with GM's Cruise
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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 ...