No and close.
 
In a message dated 12/01/2010 18:02:04 GMT Standard Time,  
tncarnut1@yahoo.com writes:
ABS = A nti-lock  B rake  S ystem
I think I heard or read somewhere that the system was originally  developed 
for airplanes, though not sure when or by who.  As for  cars, I think GM 
made first attempts in the 70's. 
 - David
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