Daimler Truck Buys Minority Stake in Luminar Technologies
October 30 2020 - 7:02AM
Dow Jones News
By Kim Richters
Daimler AG said Friday that its commercial-vehicles business
Daimler Truck AG is buying a minority stake in Luminar
Technologies, Inc. as part of a strategic partnership.
U.S. company Luminar is developing lidar hardware and software
technology, a sensing technology that is used for the development
of autonomous vehicles. Daimler aims to use this technology to work
on highly automated trucking.
"The teams will work closely together in order to enhance lidar
sensing, perception, and system-level performance for Daimler
trucks moving at highway speeds," Daimler said.
Daimler didn't disclose financial terms of the deal.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 30, 2020 06:47 ET (10:47 GMT)
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