GM, Firestone, and several other companies were indicted in 1949 for attempting to form a monopoly over local transit. The semi-urban legend part (it was never definitively proved there was a plot behind it all) was the ripping out of the streetcars, replacing them with GM-made bus networks.
https://en.wikipedia.org/wiki/Los_Angeles_Railway
GM, Firestone, and several other companies were indicted in 1949 for attempting to form a monopoly over local transit. The semi-urban legend part (it was never definitively proved there was a plot behind it all) was the ripping out of the streetcars, replacing them with GM-made bus networks.
https://en.wikipedia.org/wiki/General_Motors_streetcar_consp...