<ul><li>Microsoft will take an $800 million impairment charge due to GM's decision to shut down its Cruise robotaxi program.</li><li>The charge will be recorded in other income and expense and is estimated to have a negative impact of approximately $0.09 to second quarter diluted earnings per share.</li><li>GM owns about 90% of Cruise and plans to raise its ownership to more than 97% by buying back shares from minority shareholders.</li><li>Honda, another minority investor, has also announced that it will stop funding a joint venture with GM and Cruise to launch a robotaxi service in Japan.</li></ul>

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

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