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 ...

General Motors says it will retreat from robotaxis “given the considerable time and resources would be needed to scale the ...

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 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 ...

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 (MSFT) will take an $800 million impairment charge in its second quarter earnings report related to its investment in robotaxi startup Cruise after majority owner General Motors (GM ...

Tech giant Microsoft (MSFT) said yesterday that it expects to incur a one-time impairment charge of $800 million from General Motors’ (GM) Cruise business closure. The charge will impact the ...

GM said late Tuesday that it would end ... "hands off, eyes on" Super Cruise system. In the filing, Microsoft also informed regulators of the results of a number of shareholder votes from its ...

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.

GM this week said it will no longer fund the operation, Cruise, citing the high costs to develop the technology and build out a fleet of vehicles. Microsoft had announced a minority investment in ...