Gm General Motors Archive

In a regulatory filing, Microsoft said it would “record an impairment charge of approximately $800 million in the second quarter of fiscal year 2025” tied to GM’s decision to defund its robotaxi subsidiary Cruise. Microsoft has been a minority investor in Cruise and a strategic partner since 2021. For example, Cruise used Azure to manage its (now defunct) robotaxi fleet.

Cruise co-founder and ex-CEO Kyle Vogt — the one who got ousted after the company withheld footage from regulators of one of its robotaxis dragging a pedestrian — kept it short and sweet when reacting to GM’s surprising announcement that it was pulling funding from the beleaguered company.