Ford Dissolves Its 7.6% Stake In Velodyne Lidar
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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.
Questions & Answers
Q.What kind of company is Velodyne Lidar Inc?
What kind of company is Velodyne Lidar Inc?
Velodyne Lidar Inc is a manufacturer of sensors, specifically lidar, which are used in self-driving cars. These sensors help generate a three-dimensional map of the road ahead for autonomous vehicles.
Q.What was the size of Ford's stake in Velodyne Lidar Inc?
What was the size of Ford's stake in Velodyne Lidar Inc?
As of September 30, Ford held a passive stake of 7.6% in Velodyne Lidar Inc. This represented 13.07 million shares in the company, a maker of sensors for self-driving cars.
Q.When was the regulatory filing regarding Ford's dissolved stake made public?
When was the regulatory filing regarding Ford's dissolved stake made public?
The regulatory filing indicating that Ford Motor Co had dissolved its stake in Velodyne Lidar Inc was made public on a Monday. The article does not specify the exact date of the filing.
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