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

  • Intertraffic Amsterdam 2016 Innovation Awards finalists
    February 1, 2016
    Smart and innovative thinking will again be awarded at the world’s largest, and best attended, trade fair for the infrastructure, traffic management, safety, parking, and smart mobility sectors, when the winners of the 2016 Intertraffic Innovation Awards are announced on 5 April during the opening ceremony.
    Read More
  • An analysis of real-world crashes involving self-driving vehicles
    October 30, 2015
    A study by the University of Michigan performed a preliminary analysis of the cumulative on-road safety record of self-driving vehicles for three of the ten companies that are currently approved for such vehicle testing in California (Google, Delphi, and Audi). The analysis compared the safety record of these vehicles with the safety record of all conventional vehicles in the US for 2013 (adjusted for underreporting of crashes that do not involve a fatality).
    Read More
  • Registration now open for ITS America 2016
    February 23, 2016
    Registration is now open for ITS America, 12-15 June 12 2016 at the San Jose McEnery Convention Center. It’s a new event with an exhibition, conferences, papers and demonstrations, where companies, public agencies, academics, engineers, researchers, regulators, lawmakers, app developers, infrastructure security agents, financiers and the media will meet to make new contacts, transfer knowledge and generate new ideas about what is next in a world where transportation is at the centre of the IOT. More
    Read More
  • Parsons accepting entries for smart city challenge
    August 28, 2019
    Engineering firm Parsons and its partners have launched a global smart cities challenge called Transforming Intersections aimed at reducing the time drivers spend at red lights. Chuck Harrington, chairman of Parsons, says: “Our goal is to give cities the opportunity to increase their mobility, reduce their carbon footprint through reduced idling of vehicles, and keep their city moving." Parsons says the winner will receive a one-year free trial of its Intelligent Intersection product, which allows ci
    Read More

Highlighted Content