WASHINGTON, July 21 -- Sen. Elizabeth Warren issued the following press release:
Today, U.S. Senators Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.), along with Representatives Becca Balint (D-Vt.) and Ben Cline (R-Va.), filed a bipartisan, bicameral resolution directing the FTC to investigate serial acquisitions of firetruck manufacturers.
Following two decades of consolidation (https://static1.squarespace.com/static/5aaacb57506fbe4636414126/t/6638598f84296766c804bd80/1714968976227/Alta+Fox+REVG+Presentation+Final_wv.pdf) by private equity firms and larger manufacturers, a vast majority of the fire truck manufacturing industry is now controlled by just three companies. Since then:
* Prices have skyrocketed. Fire truck prices have do...