Self-Driving Sensor Maker Luminar Shares Rally On Mercedes-Benz Tie-Up

Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles, Luminar's founder said. Luminar shares surged 18% at $15.89 on Thursday. Luminar said Mercedes-Benz will have 1.5 million shares in Luminar, which will vest over time when certain milestones are met. Vehicle autonomy "is really going mainstream with Mercedes," Luminar CEO Austin Russell told Reuters on Wednesday, without disclosing a timeframe for putting the technology in Mercedes' vehicles. He said the two would develop "true" autonomy capabilities to keep drivers out of the loop, while improving safety capabilities such as automatic braking. Automakers from Tesla to General Motors Co and Volvo have set their eyes on introducing autonomous vehicles for consumers, although regulatory and technological challenges remain.

Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles, Luminar's founder said. Luminar shares surged 18% at $15.89 on Thursday. Luminar said Mercedes-Benz will have 1.5 million shares in Luminar, which will vest over time when certain milestones are met. Vehicle autonomy "is really going mainstream with Mercedes," Luminar CEO Austin Russell told Reuters on Wednesday, without disclosing a timeframe for putting the technology in Mercedes' vehicles. He said the two would develop "true" autonomy capabilities to keep drivers out of the loop, while improving safety capabilities such as automatic braking. Automakers from Tesla to General Motors Co and Volvo have set their eyes on introducing autonomous vehicles for consumers, although regulatory and technological challenges remain.

Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles, Luminar's founder said. Luminar shares surged 18% at $15.89 on Thursday. Luminar said Mercedes-Benz will have 1.5 million shares in Luminar, which will vest over time when certain milestones are met. Vehicle autonomy "is really going mainstream with Mercedes," Luminar CEO Austin Russell told Reuters on Wednesday, without disclosing a timeframe for putting the technology in Mercedes' vehicles. He said the two would develop "true" autonomy capabilities to keep drivers out of the loop, while improving safety capabilities such as automatic braking. Automakers from Tesla to General Motors Co and Volvo have set their eyes on introducing autonomous vehicles for consumers, although regulatory and technological challenges remain.

Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles, Luminar's founder said. Luminar shares surged 18% at $15.89 on Thursday. Luminar said Mercedes-Benz will have 1.5 million shares in Luminar, which will vest over time when certain milestones are met. Vehicle autonomy "is really going mainstream with Mercedes," Luminar CEO Austin Russell told Reuters on Wednesday, without disclosing a timeframe for putting the technology in Mercedes' vehicles. He said the two would develop "true" autonomy capabilities to keep drivers out of the loop, while improving safety capabilities such as automatic braking. Automakers from Tesla to General Motors Co and Volvo have set their eyes on introducing autonomous vehicles for consumers, although regulatory and technological challenges remain.

Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles, Luminar's founder said. Luminar shares surged 18% at $15.89 on Thursday. Luminar said Mercedes-Benz will have 1.5 million shares in Luminar, which will vest over time when certain milestones are met. Vehicle autonomy "is really going mainstream with Mercedes," Luminar CEO Austin Russell told Reuters on Wednesday, without disclosing a timeframe for putting the technology in Mercedes' vehicles. He said the two would develop "true" autonomy capabilities to keep drivers out of the loop, while improving safety capabilities such as automatic braking. Automakers from Tesla to General Motors Co and Volvo have set their eyes on introducing autonomous vehicles for consumers, although regulatory and technological challenges remain.

Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles, Luminar's founder said. Luminar shares surged 18% at $15.89 on Thursday. Luminar said Mercedes-Benz will have 1.5 million shares in Luminar, which will vest over time when certain milestones are met. Vehicle autonomy "is really going mainstream with Mercedes," Luminar CEO Austin Russell told Reuters on Wednesday, without disclosing a timeframe for putting the technology in Mercedes' vehicles. He said the two would develop "true" autonomy capabilities to keep drivers out of the loop, while improving safety capabilities such as automatic braking. Automakers from Tesla to General Motors Co and Volvo have set their eyes on introducing autonomous vehicles for consumers, although regulatory and technological challenges remain.

He said the two would develop "true" autonomy capabilities to keep drivers out of the loop, while improving safety capabilities such as automatic braking. Automakers from Tesla to General Motors Co and Volvo have set their eyes on introducing autonomous vehicles for consumers, although regulatory and technological challenges remain.