Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi Program
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Microsoft will incur an $800 million impairment charge due to its minority investment in General Motors' discontinued robotaxi program, Cruise.
December 11, 2024 | 10:00 pm
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Microsoft will record an $800 million impairment charge related to its investment in GM's discontinued Cruise robotaxi program.
The $800 million impairment charge is a significant financial impact for Microsoft, likely affecting its short-term stock price negatively. The charge reflects a loss on its investment, which can influence investor sentiment.
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