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

  • Quantum XYZ intends to launch air taxi service in Los Angeles
    December 4, 2018
    Quantum XYZ is seeking to use SureFly’s eight-rotor hybrid ‘octocopters’ to launch an air taxi service in Los Angeles. SureFly, a subsidiary of US technology company Workhorse, is currently pursuing Federal Aviation Administration (FAA) type certification for its electric vertical take-off and landing (eVTOL) aircraft. Quantum intends to submit an application to become a FAA-certified urban VTOL air carrier. The company’s president, Tony Thompson, says: “Once SureFly receives FAA Type certification, we
    Read More
  • DGT installs 16 dynamic cyclist signalling equipment, Spain
    October 20, 2017
    To combat the 7,673 accidents that involved cyclists last year, in which 67 died and 736 were injured, the Directorate of Traffic (DGT) has installed 16 dynamic cyclist signalling equipment at four conventional roads in La Rioja, northern Spain, where the visibility is reduced. The project is valued €55, 000 (£49,000). The system can detect an isolated cyclist or group of cyclists on the roads and activate a luminous circumstantial signal which alerts drivers and blinks for a determined and configurable
    Read More
  • G&D puts Guest of Honour country Brazil in the CIPURSE smartcard spotlight at CARTES 2013
    November 19, 2013
    Giesecke & Devrient and Infineon have joined forces to provide “contactless smartcards compliant with the CIPURSE Open Standard in Volume Quantities” and will be able to discuss here at CARTES 2013 how these new cards “are being used today in Brazil”.
    Read More
  • Majority of Brits do not think AVs will reduce accidents, says Axa
    December 3, 2018
    Three-quarters of UK residents do not believe driverless cars will improve road safety, even though 90% of accidents are caused by human error. In a survey of 2,000 respondents, insurance firm Axa says only a third of UK residents believe driverless cars would be better for the environment and only 25% think the technology will improve safety for pedestrians. Axa emphasises that motorists are confused by the definition of a driverless car as well as by what sort of autonomous technology is available in mo
    Read More

Highlighted Content