Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.

Key Takeaways Microsoft said it expects to take an impairment charge of roughly $800 million after General Motors halted the development of Cruise autonomous vehicles.The tech giant and others ...

General Motors Co.’s stock slid Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in ...

Zinger Key Points Microsoft to record an impairment charge of $800 million in the second quarter of fiscal 2025. This follows General Motors exit from funding Cruise‘s robotaxi development.

Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors' exit of the Cruise autonomous driving business, the tech ...

General Motors (GM) anticipates over $5B in non-cash charges related to its joint venture in China due to restructuring and market challenges.

By Denny Jacob General Motors said it expects to incur more than $5 billion in impairment charges and writedowns in the fourth quarter related to its joint venture with China's SAIC Motor.

GM shares down after recognizing $2.7 billion equity loss in China joint ventures. The company expects to record an other than temporary impairment of equity interest in the China JV's in the ...

(RTTNews) - General Motors Co. (GM) revealed in a Form 8-K filing with the Securities and Exchange Commission on Wednesday that it expects to record charges of around $5 billion in the fourth ...

Microsoft said it expects to take an impairment charge of roughly $800 million after General Motors halted the development of Cruise autonomous vehicles. The tech giant and others like Honda and ...

(Reuters) - Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors' exit of the Cruise autonomous driving business ...