Ficosa pledges €500m investment in C/AV technology

Spanish firm Ficosa is to put €500m into R&D over the next four years to provide new technology for connected and autonomous vehicles (C/AVs). The firm believes that revenue from its technology systems will rise from €100 million to €800 million over the next five years. Assisted driving and e-mobility are other areas of interest, and the company has already put its money where its mouth is, showing off a new e-mobility development centre last year. The company had overall revenues of €1.28 billion
March 19, 2019 Read time: 2 mins

Spanish firm Ficosa is to put €500m into R&D over the next four years to provide new technology for connected and autonomous vehicles (C/AVs).

The firm believes that revenue from its technology systems will rise from €100 million to €800 million over the next five years.

Assisted driving and e-mobility are other areas of interest, and the company has already put its money where its mouth is, showing off a new %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external e-mobility development centre false http://www.itsinternational.com/sections/general/news/ficosa-shows-off-new-e-mobility-development-centre/ false false%> last year.

The company had overall revenues of €1.28 billion in 2017 and says it invested nearly 8% of sales in R&D.

Ficosa developed and manufactured the Audi e-Tron’s digital rear-view system, composed of cameras and screens instead of the conventional exterior mirrors.

Javier Pujol, Ficosa CEO, says: “Some years ago, we set our sights on technological products with high value added for the automobile and made a firm commitment to our transformation.

The company is celebrating its 70th birthday this year.

Networking & Communication Systems

Related Content

  • C40 mayors make global ‘clean air’ pledge
    October 11, 2019
    In a move that will have significant implications for urban transit, 35 mayors at this week’s C40 World Mayors Summit in Copenhagen have pledged to “implement substantive clean air policies by 2025”. Among other developments, this is likely to mean further increases in low- or zero-carbon public transport and zero-emissions zones, along with enhanced incentives and infrastructure to support walking and cycling, in cities worldwide. Signing the C40 Clean Air Cities Declaration, the mayors signalled their
    Read More
  • Crédit Agricole pushes payment platform at CARTES 2013
    November 19, 2013
    First-time CARTES exhibitor Crédit Agricole Cards & Payments is focusing on a strategic realignment, which opened its payment processing platform to non-subsidiary companies. The aim of the move, says the company’s Hervé Gachen, was to maximise payment volumes and so minimise costs for both subsidiary companies and other users.
    Read More
  • New ITS America report examines the shared-use mobility sector
    September 29, 2015
    A new report by the Intelligent Transportation Society of America (ITS America), in conjunction with AT&T, investigates how evolving mobile technology and changing demands of the traveling public are shaping the future of transportation in a more connected world. This report, entitled Rise of the Real-Time Traveler, examines the public’s changing demographics and purchasing behaviors while focusing on shared-use mobility in an increasingly connected world. Utilizing a broad array of research, this report
    Read More
  • MG Squared expands its global footprint
    September 7, 2014
    MG Squared debuted the first lowering device designed for surveillance cameras at the ITS World Congress back in 1996. Fast forward to this ITS World Congress 2014 and the company has substantially increased its global footprint. With tens of thousands of its innovative lowering devices installed worldwide, MG Squared’s Martin Maners is convinced they are still at the tip of the proverbial iceberg. Maners notes, “reports indicate the US$20 billion global surveillance market will grow at a CAGR of around 1
    Read More

Highlighted Content