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 ...
Here’s how much of a hit Microsoft is taking with 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 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 ...
Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM ...
GM’s robotaxi dream has been prematurely clamped
As of this week there’s a new distinction between the two US carmakers: only one wants to be a robotaxi company. General Motors has shelved its goal of building and managing a fleet of autonomous ...
Microsoft flags $0.8M writedown on stake in GM-backed Cruise
Microsoft Corporation (NASDAQ:MSFT) said Wednesday it would take a $800 million writedown in Q2 on its stake in General Motors-backed robotaxi firm Cruise just a day after the automaker announced it ...
cbtnews17m
General Motors’ Cruise ditches robotaxis to invest in driver-assistance features
General Motors' Cruise is abandoning its mission to develop robotaxis and shifting its focus to advancing driver-assistance ...
electrive54m
GM backs out from autonomous taxi business Cruise
The US automotive group General Motors is giving up its autonomous robotaxi business, which was bundled in the Cruise division, after investing billions.
Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi Program — Update
Microsoft will record an $800 million impairment charge tied to its minority investment in General Motor's now-scrapped robotaxi program Cruise. The tech giant expects to incur the charge, which is ...
News Highlights: Top Company News of the Day - Wednesday at 5 PM ET
The biggest U.S. oil company laid out a six-year strategic plan in which it it plans to grow earnings at a compound annual growth rate of 10% and boost spending on capital projects through 2030. The ...
Results for "vidmate version 4.1606"
Tesla Cybertruck MIIT filing suggests Chinese market entry GM axes its Cruise Robotaxi project Stellantis and CATL join forces to build a massive battery plant in Spain ...
Tech Up as Tesla, Alphabet Rally -- Tech Roundup
Tesla shares rose to all-time highs after General Motors abandoned its Cruise self-driving car program, clearing the competitive field for Tesla and rival Alphabet. Shares of Alphabet, which owns the ...