Business & Finance
Ford dissolves its 7.6pc stake in Velodyne Lidar
- 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.
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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.