Why does a fire truck cost $2 million?
Why does a fire truck cost $2 million?
An investigation into the soaring costs and production delays of fire trucks, attributing the issue to industry consolidation by private equity firms like American Industrial Partners (AIP), which formed the REV Group. The article details how this has led to aging fleets and financial strain for fire departments nationwide, such as in Chicago, and discusses the potential for antitrust action.
Note
it looks like a truck that costs too much due to a focus on consolidation for the benefit of the owner and not the city.
Summary
An investigation into the soaring costs and production delays of fire trucks, attributing the issue to industry consolidation by private equity firms like American Industrial Partners (AIP), which formed the REV Group. The article details how this has led to aging fleets and financial strain for fire departments nationwide, such as in Chicago, and discusses the potential for antitrust action.
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