Analysis of information sources in references of the Wikipedia article "Pacific Electric" in English language version.
Metropolitan Coach Lines was incorporated in California on May 18, 1953; Haugh capitalized it at $8.5 million, $7.2 million of which was to cover the purchase price of the Pacific Electric assets and the remainder was for organizational expenses and working capital. The sale was completed on October 1, 1953, with PE's entire passenger operating rights and all facilities and property related to the bus lines being turned over to Metro. These included the Pasadena, Ocean Park and West Hollywood garages, Macy Street shops, servicing and storage locations at Van Nuys, Sunland, Long Beach (Morgan Avenue) and Echo Park Avenue, stations at Pomona, Riverside and Whittier, and 695 buses.
By the end of World War II, the Huntington estate had sold its majority interest to Chicago-based National City Lines. LARy became the Los Angeles Transit Lines, and bigger changes were in store. Many lines were converted to bus operation through the late forties and fifties. Never mind that NCL was partially owned by bus (GM), tire (Firestone), and gasoline (Standard Oil) suppliers. Though federal anti-trust action was taken against NCL, the damage was already done. Los Angeles was officially in love with the automobile.
By the end of World War II, the Huntington estate had sold its majority interest to Chicago-based National City Lines. LARy became the Los Angeles Transit Lines, and bigger changes were in store. Many lines were converted to bus operation through the late forties and fifties. Never mind that NCL was partially owned by bus (GM), tire (Firestone), and gasoline (Standard Oil) suppliers. Though federal anti-trust action was taken against NCL, the damage was already done. Los Angeles was officially in love with the automobile.