American Ground Transport: A Proposal for Restructuring the Automobile, Truck, Bus and Rail Industries, Presented to the Subcommittee on Antitrust and Monopoly of The...February 26, 19741974 - Broj stranica: 103 |
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alternatives American amounted annual Antitrust assemblers automobile industry Big Three automakers bus and rail bus production Bus Transportation cars and trucks Chrysler City Lines Coach companies competing competition components concentrated industries Cong contributed corporations costs dealers Department of Justice diesel buses diesel locomotives diversification economic effect efficiency electric bus electric locomotives entry example facilities Federal finance firms freight Germany GM diesel GM-Streetcar Greyhound Greyhound Lines ground transport Hearings Hertz highway industry's infra innovations interurban Japan lobbying ment million Moreover Motor Coach Industries motor vehicle Motor Vehicle Manufacturers Motors Corp multinational National National City Lines oligopoly Pacific Electric passenger cars percent performance political pollution Porsche propulsion rail industries rail systems rail transit railroads Railway reorganization result revenues Russelsheim Senate sess shared monopoly steam Strategic Bombing streetcar subsidiaries suppliers supra note supra note 163 technological tion United urban vertical integration West Germany
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Stranica 69 - Without, legislation, the objective of these bills, the setting up of a joint venture, would violate sections 1 and 2 of the Sherman Act and section 7 of the Clayton Act which are on the books to protect the public.
Stranica 73 - Firms for World Trade and Investment and for US Trade and Labor (Comm.
Stranica 26 - Motors diversified into city bus and rail operations. At first, its procedure consisted of directly acquiring and scrapping local electric transit systems in favor of GM buses. In this fashion, it created a market for its city buses. As GM General Counsel Henry Hogan would observe later, the corporation "decided that the only way this new market for (city) buses could be created was for it to finance the conversion from streetcars to buses in some small cities.
Stranica 73 - The Sherman Act was designed to be a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade. It rests on the premise that the unrestrained interaction of competitive forces will yield the best allocation of our economic resources, the lowest prices, the highest quality and the greatest material progress, while at the same time providing an environment conducive to the preservation of our democratic, political and social institutions.
Stranica 28 - could have comprised the nucleus of a highly efficient rapid transit system, which would have contributed greatly to lessening the tremendous traffic and smog problems that developed from population growth." The substitution of GM diesel buses, which were forced to compete with automobiles for space on congested freeways, apparently benefited GM, Standard Oil, and Firestone considerably more than the riding public. Hilton added: "the (Pacific Electric) system, with its extensive private right of...
Stranica 25 - Due to their high cost of operation and slow speed on congested streets, however, these buses ultimately contributed to the collapse of several hundred public transit systems and to the diversion of hundreds of thousands of patrons to automobiles. In sum, the effect of General Motors' diversification program was threefold: substitution of buses for passenger trains, streetcars, and trolleybuses; monopolization of bus production; and diversion of riders to automobiles. Immediately after acquiring...
Stranica 76 - Means' testimony in Hearings before the Senate Subcommittee on Antitrust and Monopoly. Committee on the Judiciary, on Administered Prices: Opening phase- — economists
Stranica 33 - In theory, therefore. GM has every economic incentive to discourage bus ridership. In fact, its bus dieselization program may have generated that effect. Engineering studies strongly suggest that conversion from electric transit to diesel buses results in liisrher operating costs, loss of patronage, and eventual bankruptcy.