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

  • April 22, 2013
    Open Roads updates Alaska’s 511 website and wins Virginia contract
    Open Roads and the Alaska Department of Transportation and Public Facilities (DOT&PF) have introduced a new version of the 511 Traveler Information Website
    Read More
  • February 22, 2019
    Scania and Nobina to trial autonomous buses in Stockholm
    Scania has joined forces with public transport operator Nobina to trial autonomous buses on public roads in Stockholm. Two Scania Citywide LF electric buses will operate in the Barkaby area of the Swedish capital, around 20km from the centre. Both buses will operate along a dedicated 5km route with four stops. , Initially, they will be run in autonomous mode without passengers for a distance of 1km, while second stage tests are expected to carry up to 300 commuters per day. A safety driver will remai
    Read More
  • March 20, 2019
    Early bird registrations open for ITS Europe
    ITS Europe has opened early bird registrations for this year’s congress taking place in Eindhoven from the 3-6 June. Under the theme ‘Fulfilling ITS Promises’, the European Programme Committee is presenting seven topics. These include deploying new mobility services – from experiments to experience; a breath of fresh air; connected, cooperative and automated mobility; enhancing the efficiency of freight transport; enablers of digital infrastructure; transport network operations; and disruption start-ups &
    Read More
  • October 15, 2018
    Cohda Wireless to trial AVs which can talk to each other in Australia
    Cohda Wireless is to trial two autonomous vehicles (AVs) in Australia this month. The MKZ Sedans can communicate with traffic lights and each other – and the company also expects them to be able to detect pedestrians around blind corners. The initiative, approved by the South Australian government, will take place in Adelaide’s central business district on closed-off roads. Dr Paul Gray, chief executive officer of Cohda Wireless, told ABC that the technology is intended to reduce the chance of huma
    Read More

Highlighted Content