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

  • RAC Foundation: UK drivers receive 12 million penalties annually
    October 25, 2017
    Up to 12 million driving license holders receive a penalty notice each year – the equivalent of one every 2.5 seconds; meaning as many as a third (30%) of Britain's 40 million drivers now receive a penalty notice annually. The findings come from the Automated Road Traffic Enforcement: Regulation, Governance and Use - for the RAC Foundation by Dr Adam Snow, a lecturer in criminology at Liverpool Hope University. The penalty notices include the Fixed Penalty Notice (a criminal penalty issued
    Read More
  • Truck driver with foot on dashboard is among 4,000 drivers caught by unmarked HGV Cab
    November 7, 2017
    Highways England has released footage of a truck driver checking his phone while his right foot was on the dashboard. Spotted by Humberside Police, the driver was travelling from the M18 onto the M62 near Goole and is one of 4000 dangerous drivers on UK roads caught by a single unmarked HGV cab over a two year period. Another driver was pulled over by Devon and Cornwall Police and was found to have sent 10 replies to 10 texts within one hour and a driver in Surrey was seen trying to put toothpaste on a to
    Read More
  • Autumn budget: EV charging infrastructure fund and higher tax rates for diesel vehicles
    November 23, 2017
    Chancellor of the Exchequer Philip Hammond has announced a £400m ($532m) charging infrastructure fund for electric vehicles (EVs), an extra £100m ($133m) investment in Plug-In-Car Grant, and a £40m ($53m) in charging R&D in the UK’s Autumn Budget 2017. He added that laws need to be clarified so that motorists who charge their EVs at work will not face a benefit-in-kind charge from next year.
    Read More
  • TRL and TomTom announce partnership on Congestion Index
    October 23, 2012
    TRL and TomTom have announced here at the ITS World Congress that they have launched a new partnership to offer more detailed analyses of the results published in TomTom’s quarterly Congestion Index which covers major metropolitan areas in Europe and North America. The partners say the collaboration will see the Congestion Index being put to practical use in solving local congestion issues. TRL traffic consultants are able to work with detailed TomTom data to produce customised analysis which meets the need
    Read More

Highlighted Content