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

  • CVMA: Quebec's ZEV plan may create unintended consequences
    January 2, 2018
    The Canadian Vehicle Manufacturers Association’s (CVMA’s) president Mark Nantais has stated that Quebec’s Zero Emission Vehicle (ZEV) regulations “may result in unintended consequences for consumers, automobile dealers, industry and ultimately, Quebec's economy,” in response to the new strategy introduced by the province’s government. The standard aims to increase the number of ZEVs in the region and to reduce greenhouse gas and other pollutant emissions. It will come into effect on the 11 January 2018.
    Read More
  • Waymo may operate AVs in Phoenix ‘without safety driver’
    October 17, 2019
    Ride-hailing company Waymo may be about to start operating fully-autonomous vehicles (AVs) to pick people up - without a safety driver. An email sent to users, which appeared on Reddit, said people in Phoenix, Arizona, who were matched with an AV will see a notification in the app that confirms the car will not have a trained driver. Users can tap a ‘What to Expect’ button within the app to learn more about the AVs. They can also communicate with a rider support agent at any part of the trip via the app o
    Read More
  • Econolite hires ex-Michigan DoT boss Kirk Steudle
    October 23, 2018
    Econolite has hired one of the best-known names in the ITS industry: Kirk Steudle is joining the company with a remit to fulfil two key roles. Steudle, the former director of Michigan Department of Transportation (MDoT), will be senior vice president, leading Econolite’s Transportation Systems Group and also in charge of CAVita, its connected and autonomous vehicles (C/AV) subsidiary. His responsibilities will include all C/AV projects and large-scale systems projects. Steudle had spent his entire
    Read More
  • Uber seeks to resume AV trials nearly eight months after Arizona fatality
    November 6, 2018
    Uber wants to resume testing its self-driving cars on public roads nearly eight months after one of its autonomous vehicles (AV) killed a pedestrian in Arizona. The ride-hailing company has released a voluntary safety report to the US National Highway Traffic Safety Administration which includes safety enhancements to help prevent crashes and fatalities. Uber says its AVs would include two mission specialists – employees who have completed advanced training courses in self-driving vehicle operations. The
    Read More

Highlighted Content