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The U.S. Department of Transportation’s Federal Aviation Administration (FAA) is awarding $20.5 million for 25 grants across 14 states and Puerto Rico to modernize airports under the Bipartisan Infrastructure Law Airport Infrastructure Grants (AIG) program, part of the $25 billion total included in the law over a period of five years for airport and air traffic control infrastructure improvements.
“Through the Bipartisan Infrastructure Law, the Biden-Harris Administration has made historic investments in our nation’s airports – investments that will make air travel safer and more efficient for decades to come,” said U.S. Transportation Secretary Pete Buttigieg. “With today’s funding, the latest to be announced under President Biden’s leadership, we’re making sure more airports across the country are equipped to handle Americans’ growing demand for air travel.” Continue reading
November Global Light Vehicle Sales Rate 93 Million
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The Global Light Vehicle (LV) selling rate for November* stood at 95 million units/year, according to an analysis released today by the respected GlobalData consultancy.** This was a small improvement on the previous month, and the best result so far in 2024. Market volumes continued to grow in November as YoY sales were up 6% compared to November 2023. YTD sales stood at 80 million units.
“In November, sales saw sustained growth in key markets like the US and China. Chinese consumers are capitalizing on scrappage subsidies and a very competitive pricing environment. In the US, an extra selling day compared to the previous year contributed to increased sales YoY. Sales in Western Europe remain lackluster, mirroring previous trends, as political and economic challenges persist, exacerbated by recent government turmoil in Germany and France,” the Global Light Vehicle Sales Forecast Team said. Continue reading →