Autonomy is rapidly emerging in the mining industry as a way to improve safety and productivity and lower costs,James Meredith, CEO of Lithos Energy, said Caterpillar’s investment will enable the company to speed up technology development and scale up manufacturing capacity “as we look forward to providing increasingly advanced product offerings to our new and existing customers.”, headquartered in San Rafael, Calif.
Caterpillar, with revenue of $51 billion in 2021, is the world’s top manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.. Paul directs the work of an award-winning staff covering business news in the nation's fourth largest metro region. He's been The News' business editor since 2015.
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