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Luminar’s future uncertain amid losses, layoffs and SEC probe

Austin Russell with Markus Schäfer

Austin Russell (l), Luminar founder and exiting CEO, with Markus Schäfer (r), CTO of Development and Procurement, Mercedes-Benz, at the manufacturer's Sindelfingen plant (Image: Business Wire)

The lidar firm Luminar is reportedly on the brink of bankruptcy as legal and financial crises force job cuts, missed payments and the loss of big accounts

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