The auto industry, like others, is now recovering from an unprecedented crisis
As we enter a recovery phase around the world, we aim to bring you the latest news and intelligence on the speed, nature and shape of the automotive sector s recovery from the COVID-19 pandemic.
This regularly updated article follows on from our COVID-19 daily update article that covered rapidly unfolding crisis developments and their immediate impact on autos (first published March 12).
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Shares of newly public lidar-sensor maker
Luminar Technologies (NASDAQ:LAZR) fell sharply on Tuesday afternoon after Reuters reported that one of its key clients may choose to build its own lidar units instead of buying Luminar s.
The company had been trading higher earlier in the day, but as of 3 p.m. EST, Luminar shares were down by about 14% from Monday s closing price.
So what
Reuters reported that the CEO of
Intel (NASDAQ:INTC) subsidiary Mobileye, which is developing a new self-driving car system that it expects to launch in 2025, said that the company is considering developing its own lidar sensor in-house.