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(Cruise Photo) 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 ...
(Bloomberg) -- Microsoft Corp. plans to take an $800 million charge after General Motors Co. said it was shutting down its autonomous taxi initiative. GM this week said it will no longer fund the ...
Smith Collection / Gado / Getty Images Microsoft said it expects to take an impairment charge of roughly $800 million after General Motors halted the development of Cruise autonomous vehicles.
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Microsoft MSFT-0.51%decrease; red down pointing triangle will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.