6 Companies Building the Car of the Future

A look at who's behind the tech in the cabin and under the hood

Mar 2, 2012, 11:26 am EDT | By Jim Woods, Editor-at-Large, The Wealth Shield

Garmin

Garmin Ltd. GRMN One of the pioneer firms for GPS navigation systems, Garmin (NASDAQ:GRMN) will play a key role in the newly expanded auto navigation offerings. The company already is seeing its revenue from its auto/mobile division surge, with that metric up 50.8% sequentially in the fourth quarter of 2011, and 3.6% year-over-year. Those numbers helped the company post Q4 revenue of $909.6 million, a 36.4% sequential increase and an 8.6% year-over-year gain.

The car of the future likely will require increasingly sophisticated navigation systems, and this is the kind of technology that’s smack-dab in the middle of Garmin’s map.