Luminar (LAZR) surges on expanded Mercedes deal
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Luminar and Mercedes-Benz Announce Broad Deal Across Next-Generation Production Vehicle Lines
February 22, 2023 1:30 PM ESTExpanding partnership and volumes by more than an order of magnitude to a broad range of consumer vehicles
ORLANDO, Fla. & STUTTGART, Germany--(BUSINESS WIRE)-- Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced today a sweeping expansion of its partnership with Mercedes-Benz to safely enable enhanced automated driving capabilities across a broad range of next-generation production vehicle lines as part of the automakers next-generation lineup. Luminars Iris entered its first series production in October 2022 and the companys Mercedes-Benz program has successfully completed the initial phase and the... More
