cruise robotaxi microsoft news - Search News

Cruise, Microsoft and GM

TechCrunch · 2d

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

Barron's on MSN · 2d

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.

Geekwire on MSN · 2d

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.

2d

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 ...

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 ...

2d

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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