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

  • 2019 ‘won’t be the year of blockchain’, says Fujitsu
    February 6, 2019
    Blockchain technology will not break through into the mainstream of the British transportation sector during 2019, according to Fujitsu. Blockchain has been touted as the solution to a number of transportation issues, but Chris Patton from Fujitsu’s EMEIA transport team urges caution. While acknowledging that the technology holds ‘exciting’ operational and commercial potential for the public transport sector, he says: “The key word there, though, is potential. While it is undeniable blockchain will ma
    Read More
  • Stockholm seeks intelligent transport solutions
    May 21, 2012
    The city of Stockholm is inviting submissions of solutions for its “Intelligent Transport Solutions” challenge by 28th February. Kista Science City is seeking solutions that are innovative, customer-oriented traveller services to support shifts in mobility patterns, away from cars toward public transport, biking and walking. The winner will be invited to pilot the solution in the city, with full support by all local stakeholders to evaluate the solution before a full-scale roll-out.
    Read More
  • Intelematics: five takeaways from ITS World Congress in Singapore
    October 31, 2019
    If you weren’t fortunate enough to be at the 26th ITS World Congress in Singapore – fear not! Stephen Owens of Intelematics takes you through his highlights of the show… Having recently topped the world’s first Smart City Index, Singapore was the ideal host city for this year’s ITS World Congress and provided a fantastic opportunity to bring the International ITS community to the Asia-Pacific (APAC) region. Themed ‘smart mobility, empowering cities,’ it was an enjoyable week full of networking and lea
    Read More
  • Intercomp celebrates milestones at Intertraffic 2018
    March 20, 2018
    Multiple milestones for Intercomp and its products will be celebrated at Intertraffic. The company’s in-ground strain gauge strip sensors, used in low and high-speed WIM (HSWIM), and its LSWIM axle scale have each successfully passed OIML initial verification testing, with the OIML R134 certificates in process. These successful tests coincide with the 40 year anniversary of the establishment of the Intercomp. Intercomp’s strain gauge strip sensors are grouted into 3 inch (75mm) channels cut into the ro
    Read More

Highlighted Content