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

  • MaaS Alliance joins Global New Mobility Coalition
    November 25, 2019
    MaaS Alliance has joined The Global New Mobility Coalition (GNMC), a community of more than 100 institutions which aim to reduce carbon dioxide emissions by 95%. The GNMC also seeks to improve transport efficiency by 70% and reduce mobility costs by 40%. As part of the deal, MaaS Alliance is to share knowledge with the GNMC alongside other organisations such as C40, Polis and ITF. MaaS Alliance is a non-profit organisation which seeks to establish a common approach to Mobility as a Service. It entered i
    Read More
  • ITS Japan and ITS Michigan work together to integrate next two world congresses
    April 22, 2013
    Organizing committees are gearing up for the next two ITS World Congress and Exhibitions, using ITS America 2013 to ensure continuity between the shows, cultivate interest and build momentum.
    Read More
  • Lyft to offer AV service for blind riders
    July 23, 2019
    Lyft has joined forces with Aptiv and the National Federation of the Blind (NFB) to bring self-driving technology to its blind and low-vision riders in Las Vegas. The deal extends an agreement last year, in which Aptiv launched 30 autonomous vehicles (AVs) to pick up riders using Lyft’s app. NFB president Mark Riccobono says: “This demonstration will allow future blind drivers to experience and begin providing feedback about this technology, paving the way for the development of a non-visual user in
    Read More
  • ITS International: Meet us in Vienna
    September 20, 2012
    ITS International, the number one business-to-business title for anyone involved in advanced technology for the traffic management and urban mobility markets, is in Vienna to report from the ITS World Congress, 2012, http://2012.itsworldcongress.com/content , which takes place from the 22-26 October. Once again, ITS International will lead coverage of the event through its www.DailyNews-Online.com/ITSWorldCongress-2012 site. We are planning to bring you all the latest preview and live event news from the I
    Read More

Highlighted Content