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Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker

Benzinga LogoBenzinga10h ago

Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker - Benzinga

Quick Summary:

It is estimated to have a negative impact of approximately $0.09 to second quarter diluted earnings per share.”

General Motors said that the robotaxi development work needs considerable time and resources ...

What Happened: General Motors, on Tuesday said that it will no longer fund Cruises robotaxi development but will instead combine the majority-owned unit into its technical teams.

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Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker - Benzinga (Picture 1)

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Article Details

Author / Journalist: Rishabh Mishra

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 08:22:33 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24371807

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 25 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #53

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