LOS ANGELES (CN) — Los Angeles County on Thursday filed an antitrust lawsuit against two large manufacturers of fire engines and trucks, claiming they have created an unlawful oligopoly by buying up competitors and are driving up prices fire departments have to pay for their equipment.
“Through acquisitions, combinations, and anticompetitive practices, they have created highly concentrated and oligopolistic markets that they control, allowing them to cut supply, raise prices, delay deliveries, or force the use of their proprietary parts to the deep financial detriment of localities across the country,” the county says in its lawsuit, filed in federal court.
Additional Reads
Read Full Article: https://www.courthousenews.com/la-county-accuses-fire-engine-makers-of-shrinking-market/
