General Electric estimated that the recovery of the aviation industry will last two more years, depending on the containment of the Covid-19 pandemic. Effective inoculation programs and government collaboration to encourage travel, particularly around easing quarantine requirements, will also play a role. General Electric maintains regular dialogue with
Cleveland-Cliffs, the largest flat-rolled steel producer in North America, has redirected some of its production destined for the automotive market to the spot market. During 2021, light vehicle production in North America was 13 million units, the same as the previous year. Thus, the production of each of
As of the end of 2021, the Intuitive Surgical Company had an installed base of 6,730 da Vinci Surgical Systems worldwide, including 4,139 in the United States. Another 1,199 were located in Europe, 1,050 in Asia and 342 in the rest of the world. Intuitive Surgical estimates that
American Axle & Manufacturing Holdings (AAM) highlighted that automotive companies companies face pressure to invest in products aimed at electric vehicles. This is part of a series of important trends affecting the markets in which the company competes. Headquartered in Detroit with nearly 80 facilities in 17 countries,
The Union Pacific Corporation railway company increased freight revenues in the automotive sector, within its Industrial business, 5% in 2021, to 1,761 million dollars. In 2020, the company posted a year-over-year drop of 21 percent. Union Pacific is the largest automotive carrier west of the Mississippi River, operating
Grupo Bafar reported that it made capital investments of 3,297.4 million pesos in 2021, more than double (127%) compared to the previous year. From 1918 to 2020, Grupo Bafar’s capital investments averaged 1,372 million dollars annually. Grupo Bafar is a company that acts as a pure controller, and