By the 1950s, virtually all streetcar companies were in terrible shape. Some were taken over by new municipal bus companies, while a total of 46 transit networks were bought up by National City Lines — the holding company linked to GM, as well as oil and tire companies, that’s at the center of all the conspiracy theories.

While it’s true that National City continued ripping up lines and replacing them with buses — and that, long-term, GM benefited from the decline of mass transit — it’s very hard to argue that National City killed the streetcar on its own. Streetcar systems went bankrupt and were dismantled in virtually every metro area in the United States, and National City was only involved in about 10 percentof cases.

So, there is merit to this claim that auto manufacturers were involved. Interesting to read about the financial history as well… pre-1920s bankruptcies… does feel like a failure of government to see the value here. Interesting read, ty!