Volvo Supplier Luminar Files Bankruptcy After Contract Dispute
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Luminar Technologies Inc, which manufactures laser-based sensors for cars, filed for bankruptcy shortly after it lost a contract with Swedish carmaker Volvo AB.The Orlando-based company filed for Chapter 11 in the Southern District of Texas on Monday. In its bankruptcy petition, it listed assets of between $100 million and $500 million, and liabilities of between $500 million and $1 billion.