Luminar rises after announcing new business, ramps production with Volvo Cars

Luminar Technologies

11/11/2024 21:25

** Shares of automotive company Luminar Technologies
 LAZR.O  rise 8.8% to $1.11 in extended trading
    ** LAZR says co has been selected to be featured as standard
equipment on an additional model in the Volvo Cars line-up
    ** Announces new contract with a major Japanese automaker
    ** Co says it generates first Luminar Halo point cloud
    ** "This quarter, we've further restructured Luminar to
withstand near-term headwinds facing the industry" - CEO Austin
Russell
    ** Up to last close, stock down ~58% YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))