Volvo Supplier Luminar Files Bankruptcy After Dispute

Bloomberg TechnologyMonday, December 15, 2025 at 4:27:26 PM
Volvo Supplier Luminar Files Bankruptcy After Dispute
  • Luminar Technologies Inc, a manufacturer of laser-based sensors for vehicles, has filed for bankruptcy following the loss of a contract with Volvo Car AB. This development marks a significant setback for the company, which has been a key player in the automotive technology sector.
  • The bankruptcy filing raises concerns about Luminar's future and its ability to recover from this financial blow. Losing a major contract with Volvo not only impacts Luminar's revenue but also highlights the challenges faced by suppliers in the competitive automotive industry, particularly in the evolving landscape of vehicle technology.
— via World Pulse Now AI Editorial System

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Lidar manufacturer Luminar files for Chapter 11 bankruptcy and says it reached a deal to sell its semiconductor subsidiary to Quantum Computing Inc. for $110M (Reshmi Basu/Bloomberg)
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Luminar Technologies Inc, a manufacturer of laser-based sensors for vehicles, has filed for Chapter 11 bankruptcy following the loss of a contract with Volvo Car AB. The company has also announced a deal to sell its semiconductor subsidiary to Quantum Computing Inc. for $110 million. This filing comes as a significant setback for Luminar, which has been a key player in the automotive technology sector.

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