Business Standard

Monday, December 23, 2024 | 12:27 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Ford dissolves its 7.6% stake in Velodyne Lidar: Regulatory filing

Velodyne Lidar is a maker of sensors used in self-driving cars

Ford Motor

Ford Motor

Reuters

Ford Motor Co has dissolved its stake in Velodyne Lidar Inc, a maker of sensors used in self-driving cars, according to a regulatory filing on Monday.

As of Sept. 30, Ford had a passive stake of 7.6% or 13.07 million shares in Velodyne.

Velodyne is one of several companies vying to supply automakers with lidar, a sensor that generates a three-dimensional map of the road ahead.

 

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 15 2021 | 8:17 PM IST

Explore News