Luminar-Volvo breakdown deepens as lidar maker warns of potential bankruptcy
Volvo canceled a five-year lidar contract with Luminar, citing failure to meet contractual obligations, while Luminar faces loan defaults, layoffs, potential bankruptcy, and asset sales.
Volvo Bet Big On A Lidar Company. Why Is It Backing Off?
Volvo ended its five-year lidar partnership with Luminar, removing lidar as a standard feature due to alleged limited hardware supply, threatening Luminar's financial viability.
