Volvo has reversed direction on a previous commitment to supply standard lidar on the EX90 SUV and ES90 sedan. It started with a vague announcement that "To meet customer demand and due to limited ...

It seems like the writing was already on the wall last week when Volvo moved to make its Luminar-supplied LiDAR system an option – there are now reports that the Swedish car brand is set to ditch ...

Many car manufacturers view LiDAR sensors as a key component in advanced self-driving systems, and Volvo was among the first to commit to the technology. The Swedish automaker partnered early with U.S ...

Volvo has been one of the industry’s stalwart supporters of lidar for autonomous driving, even while the sensors in some of its models were frying smartphone cameras. However, the automaker has been ...

Lidar sensor manufacturer Luminar Technologies is in free-fall after its biggest customer, Volvo Cars, decided to cancel a five-year contract. Officially, Volvo blamed Luminar for a "limited supply of ...

Volvo Cars has terminated its supply deal with Luminar Technologies, the US-based automotive lidar pioneer whose financial position already looks perilous. In a November 17 filing with the US ...

Swedish automaker Volvo has canceled a five-year-old contract with Luminar, the latest escalation in an increasingly ugly brawl between the lidar sensor company and its biggest customer. The fight is ...

The suspension of financial guidance and dependence on forbearance agreements highlight ongoing capital structure and liquidity uncertainty acknowledged by management. CEO Ricci stated, "the uncertain ...

Shares of Luminar Technologies Inc (NASDAQ:LAZR) are trading higher Monday afternoon, recovering from a sharp sell-off on Friday. Here’s what investors need to know. What To Know: The drop in Luminar ...

Shares of Luminar Technologies declined after several disclosures including doubt it can continue as a going concern, layoffs and plans to explore strategic alternatives including a sale. The stock ...

Lidar-maker Luminar is warning shareholders that it will run out of cash in early 2026 and has announced a 25% cut to its workforce to help staunch the bleeding — its second layoff of the year — ...