6 Companies Building the Car of the Future

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

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Garmin Ltd. GRMNOne 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.

Article printed from InvestorPlace Media, http://investorplace.com/2012/03/6-companies-building-the-car-of-the-future-msft-grmn-aone-tsla-p-goog/.

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