(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 (OTC:MBGAF ), Navistar (NYSE:NAV ) -- a unit of Volkswagen (ETR:VOWG_p )'s Traton, Paccar (NASDAQ:PCAR ), Volvo (OTC:VLVLY ) Group North America, and the Truck and Engine Manufacturers Association.
Source: Investing.com