Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker - Microsoft (NASDAQ:MSFT), General Motors (NYSE:GM)

Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker - Microsoft (NASDAQ:MSFT), General Motors (NYSE:GM)

Microsoft Corp (NASDAQ: MSFT) has said that it will be recording an impairment charge of approximately $800 million in the second quarter of fiscal year 2025, according to an SEC filing. This follows General Motors Co (NYSE: GM) exit from funding Cruise‘s robotaxi development.

Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit

(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, the tech giant said in a filing on Wednesday. General Motors said on Tuesday it is ending robotaxi development, in which it invested more than $10 billion since 2016, citing competition in the robotaxi market and the “time and resources” that would …

Here’s how much of a hit Microsoft is taking on 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 Cruise robotaxi unit back in 2021.

Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit

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 giant said in a filing on Wednesday.General Motors said on Tuesday it is ending robotaxi development, in which it

Microsoft expects share price drop and a $800 million fine after GM exits robotaxi business

General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing Microsoft to expect a hefty charge. Continue reading at TweakTown >

Microsoft expects US$800 million impairment charge in Q2 2025 over General Motors’ Cruise exit

MICROSOFT expects to record an impairment charge of around US$800 million in the second quarter of fiscal year 2025 over General Motors’ exit of the Cruise autonomous driving business, the tech giant said in a filing on Wednesday (Dec 11).