GM
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Off the top of my head this is what happened.
- Volvo committed to Luminar to provide their LiDAR sensor as standard on all EX90 cars (and perhaps even the ES90). Based upon how the automotive OEM agreements work, I doubt this was an absolute legal agreement. In fact, the way I understand the OEM agreements with suppliers, the OEM can change their decisions at any time. Effectively, they simply do not need to order sensors. All the power lies with the OEM. The supplier may be able to recover some monies via penalty clauses and such. Cepton did this when GM cancelled their agreement. However, these monies are a drop in the bucket when compared to a high volume production agreement.
- Based on this committment, Luminar invested capital in building out a Mexico facility to produce up to 250,000 sensors per year. A very large capital committment.
- Volvo backed off their committment to provide the LiDAR sensor as standard, and told Luminar it would be an option choice by the consumer. This greatly reduced the expect sensor volume.
- Luminar cried foul. And said they were not going to ship sensors. I think this is correct.
- Volvo claimed breach of contract and terminated the deal.
- Luminar filed for bankruptcy weeks later.
I think it refers to the delivery aspect, not necessarily any problem with the sensor itself.

GM frens ☕☕
have yourself a good Thursday

Off the top of my head this is what happened.
- Volvo committed to Luminar to provide their LiDAR sensor as standard on all EX90 cars (and perhaps even the ES90). Based upon how the automotive OEM agreements work, I doubt this was an absolute legal agreement. In fact, the way I understand the OEM agreements with suppliers, the OEM can change their decisions at any time. Effectively, they simply do not need to order sensors. All the power lies with the OEM. The supplier may be able to recover some monies via penalty clauses and such. Cepton did this when GM cancelled their agreement. However, these monies are a drop in the bucket when compared to a high volume production agreement.
- Based on this committment, Luminar invested capital in building out a Mexico facility to produce up to 250,000 sensors per year. A very large capital committment.
- Volvo backed off their committment to provide the LiDAR sensor as standard, and told Luminar it would be an option choice by the consumer. This greatly reduced the expect sensor volume.
- Luminar cried foul. And said they were not going to ship sensors. I think this is correct.
- Volvo claimed breach of contract and terminated the deal.
- Luminar filed for bankruptcy weeks later.
I think it refers to the delivery aspect, not necessarily any problem with the sensor itself.

GM frens ☕☕
have yourself a good Thursday

Right, they're saying "circular financing" is nonsense since it's no different than what GM does, except NVDA even gets to own the owner of the car, lmfao.

does GM finance car purchases?
when nvda does they even get an equity stake in the company doing the purchase

Sold my FDs for 100% gain, 2028 leaps are up 62%, and now I'm wheeling 10k shares and those 100 leaps.
I'm sure there are better options, but I can't think of anything else that's more safe from political turmoil than Ford. Their employees called POTUS a pedophile protector and he didn't seek retribution against them. Now GM employees are doing it and he had to shrug it off.
IMO, Ford is doing the best job preparing itself to compete with Chinese EVs. GM and Stellantis are fucked. Stellantis will probably merge with even more dog shit and spend the next decade re-organizing the company and shredding fat. Ford is at their tail end of their lost decade and it started with the Jim Hackett hiring. Hackett tried to fix the things that were within his control and then Jim Farley and Doug Fields did what they could. Pretty sure Jim Baumbick(Maverick guy) or Alan Clarke are going to take the reigns now - both are excellent.