Steve in Pensacola:
"If it were so wondeful and the best, why did it go away? The later years, Rollermatic, then the 1-18, then STOP, DONE, FINISHED, GO AWAY.?"
Steve:
I think GM was trying to raise some fast cash by selling off Frigidaire. The late '60s / early '70s weren't all roses for the company, even though auto sales were strong. There were a bunch of lawsuits over the Corvair (Ralph Nader's book, "Unsafe At Any Speed" made Corvair-based injury/wrongful death suits very winnable), there were very high development costs over front-wheel-drive (Toronado, Eldorado) and a new generation of compact and subcompact cars (Vega, Chevette, Astre). New emissions and safety regulations were increasing their costs, as well. And the marketplace was demanding more. The difference between a 1960 Chevrolet and a 1970 model was nearly unbelievable by today's standards, where the same car sometimes gets made for ten or twelve years without major change. A '60 Chevy had cheap nylon-and-vinyl seat covers, a heater was extra, and so was carpet. Ten years later, Chevys had real upholstery, like more expensive cars, and niceties like carpet and fan-forced flow-through ventilation (called "Astro Ventilation") were standard. That kind of stuff cost GM a lot of money to do, cutting into profit margins that had formerly been so high the Mafia might have envied them.
So, I think they just saw Frigidaire as a ready source of cash.