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Microsoft will take $800 million charge on Cruise investment

TechCrunch on MSN · 1d

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

Geekwire on MSN · 1d

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.

Seattle Times · 16h

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.

The Register on MSN20h

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 ...

1d

Microsoft sees $800M impairment charge in Q2 linked to GM’s Cruise plans

In a regulatory filing, Microsoft (MSFT) stated that in January 2021, Microsoft announced a minority investment in Cruise, an autonomous ...

1d

GM halts funding for Cruise robotaxi program

General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a ...

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