It was reported Cruise admitted to lying to federal investigators about the event. The news came after the National Highway ...
Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in ...
Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over ...
General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle ...
Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.
General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.
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.