Microsoft will take an $800M hit over Cruise robotaxi shutdown

  • Thread starter Thread starter Kirsten Korosec
  • Start date Start date
K

Kirsten Korosec

GM’s decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company’s minority investors. Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GM’s actions, according to a regulatory filing. Microsoft said the charge will be […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Continue reading...
 
You must log in or register to reply here.
Back
Top