Havana operated a tram system until 1952, which began as a horsecar system, Ferro Carril Urbano de la Habana in 1858, merged with rival coach operator in 1863 as Empresa del Ferro-Carril Urbano y Omnibus de La Habana and later electrified in 1900 under new foreign owners as Havana Electric Railway Company. Ridership decline resulted in bankruptcy in 1950 with new owner Autobus Modernos SA abandoning systems in favor of buses and sold the remaining cars were sold to Matanzas in 1952.