Volvo Cuts Ties with Luminar, Lidar Maker Faces Bankruptcy
Update: 2025-11-17
Description
Volvo ends contract with Luminar amid financial struggles, SEC investigation: Swedish automaker Volvo cancels five-year contract with lidar sensor maker Luminar, citing financial difficulties and contractual breaches. Luminar faces potential bankruptcy, staff layoffs, and SEC investigation. Volvos decision impacts its supply chain and customer orders.
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