Microsoft announced an $800 million impairment charge due to General Motors’ termination of its Cruise autonomous vehicle program. GM’s decision, a reversal from earlier optimistic projections, will impact Microsoft’s second-quarter earnings. The automaker will discontinue the robotaxi business, redirecting its autonomous vehicle technology towards personal car operations. This move also affects other investors like Honda.
Microsoft announced an $800 million impairment charge due to General Motors’ termination of its Cruise autonomous vehicle program. GM’s decision, a reversal from earlier optimistic projections, will impact Microsoft’s second-quarter earnings. The automaker will discontinue the robotaxi business, redirecting its autonomous vehicle technology towards personal car operations. This move also affects other investors like Honda. Microsoft announced an $800 million impairment charge due to General Motors’ termination of its Cruise autonomous vehicle program. GM’s decision, a reversal from earlier optimistic projections, will impact Microsoft’s second-quarter earnings. The automaker will discontinue the robotaxi business, redirecting its autonomous vehicle technology towards personal car operations. This move also affects other investors like Honda. Read More
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