Nebraska files antitrust lawsuit against heavy-duty truck manufacturers over EV push

Reuters11-20

Nov 19 (Reuters) - Nebraska Attorney General Michael Hilgers on Tuesday filed an antitrust lawsuit against some of the largest heavy-duty truck manufacturers accusing them of limiting the availability of diesel-powered semi-trucks in a shift to electric trucks.

The lawsuit says the truck makers are engaged in "an industry-wide conspiracy to completely phase out medium and heavy-duty ICE vehicles" to comply with California's regulations that aim to essentially eliminate semi-trucks with internal combustion engines. The attorney general filed suit in state court against Daimler , Navistar -- a unit of Volkswagen's Traton , Paccar , Volvo Group North America , and the Truck and Engine Manufacturers Association.

(Reporting by David Shepardson)

((David.Shepardson@thomsonreuters.com; 2028988324;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment