Reply to post:

Self-driving car LIDAR stalwart Velodyne sued for sacking a third of its staff claiming coronavirus was the cause

Version 1.0 Silver badge
Facepalm

Velodyne is not a big company, the government is promising a lot of financial support in the US but the bulk of the money is going to go to large companies who have a large staff of lawyers and accountants to chase the money, plus they will have a record of political contributions to generate high-level support.

Small companies have lawyers and accountants too, but they are very busy running around in circles at the moment just trying to stay in afloat and will be at the bottom of the pile of applications for the financial support. If you are a small company then selling the company may be the only way to stay alive.

Remember too that this is America, the Republicans have cut back on the California emission laws and electric vehicle rebates. The funds are all going to be applied to support large car/truck companies and the oil industry, so Velodyne are not going to see much new business after this mess is over.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2021