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by rmason 3325 days ago
It's a fact that GM set up a shadow corporation to buy up a lot of cities streetcar lines with the stated intention of selling more automobiles.

Apologists will say the street cars were doomed both by cars and the popularity of buses. In fact a CBS report stated exactly that.

http://www.cbsnews.com/news/the-gm-trolley-conspiracy-what-r...

Detroit's street car line however was profitable and wildly popular with the city's citizens. Less than two years later with its new secret owner it was reporting losses and was shut down.

Why would GM hide the fact it was buying the street car lines with a shadow corporation. Why would GM deny that it was the real owner of National City Corporation for over fifty years? That Wikipedia article reads like it was written by the GM publicity department. Why after all these years doesn't the company simply fess up that they did something wrong?