Preston Tucker and the Tucker 48
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Preston Tucker (1903-1956) and his Tucker 48 inspire admiration -- and debate -- to this day. Tucker built 51 cars before a shortage of money and a surplus of bad publicity closed his company. Some think the Big Three conspired to destroy him. More likely, he was overwhelmed by the enormous cost of building an automobile company from scratch. Tucker raised over $20 million, but he probably needed ten times that much to secure his firm's future.
Henry Ford, Harvey Firestone, Preston Tucker, Henry Ford II, Benson Ford, and Edsel Ford at Indianapolis Motor Speedway, 1932
Preston Tucker loved cars as a boy. As an adult, he partnered with the brilliant race car designer Harry Miller to produce a series of front-wheel-drive cars for the Indianapolis 500. Tucker and Miller convinced Ford Motor Company to sponsor the effort. Ten cars were built but, without proper time for testing, the cars failed to finish the 1935 race.
View Artifact1935 Miller-Ford Race Car - 5
1948 Tucker Sales Brochure, "The Story of the Tucker '48"
Preston Tucker dreamed of building and marketing a car of his own. The postwar seller's market, when American demand for new automobiles soared, gave him a perfect opportunity to act on that vision. Tucker promised a groundbreaking car with a rear engine, all-wheel independent suspension, and disc brakes. He boldly advertised it as "the car you’ve been waiting for."
View ArtifactPreston Tucker Presenting the 1948 Tucker Sedan
Three-Quarter View of a 1948 Tucker Sedan
Stylist Alex Tremulis refined Preston Tucker's initial concepts into a workable -- though still exceptionally striking -- vehicle design. The Tucker 48 was distinguished by its three headlights, rear fender vents (for the rear-mounted engine), doors that cut into the roof (to provide more headroom for passengers getting in and out of the vehicle), and dramatic fastback rear end.
View ArtifactStock Certificate, "One Hundred Shares of Tucker Corporation Class A Common Shares," 1948
To build his car -- and his company -- Tucker needed money. He made an initial offering of five million shares of stock in his Tucker Corporation of America. As many as 44,000 people bought shares by September 1947, raising $15 million for the company. Tucker also sold franchises to dealers eager to sell his new car.
View ArtifactCar Radio for 1948 Tucker Automobile
Tucker sold more than stock. He sold accessories -- suitcases, seat covers and radios -- for yet-to-be-built Tucker cars. Customers received tangible pieces of their cars, and also a preferred spot on the company's waiting list. The sooner you bought your radio, the sooner you got your car. The unconventional program earned $1 million in profit for the Tucker Corporation.
View ArtifactView of a 1948 Tucker Torpedo, with Press Release on Preston Tucker's Award from the Museum of Science and Industry
1948 Tucker Advertisement, "Here's Why the Tucker '48 is Years Ahead!"
Section of The Sunday Bulletin, Philadelphia, from April 18, 1947, Showing 1948 Tucker Automobile Advertisement
Tucker Corporation Employee Badge, circa 1948
The Tucker Corporation based itself in Chicago in a war-surplus factory that had produced engines for B-29 bomber airplanes. At its peak, Tucker employed some 1,600 people. The company anticipated having 35,000 employees once it reached full production.
View Artifact1948 Tucker 48 Sedan - 5
Front View of a 1948 Tucker Sedan
The Tucker 48's center headlight was its defining feature. The light was connected to the car's steering mechanism. When the Tucker traveled in a straight line, the light was off. But when the steering wheel was turned ten degrees in either direction, the light switched on and turned with it, lighting the driver's way around corners.
View ArtifactEngine of 1948 Tucker Sedan in Henry Ford Museum, December 1964
Preston Tucker's prototype car carried a 589-cubic-inch, 6-cylinder engine, but development problems forced him to find a different powerplant for the production vehicles. He selected a 334-cubic-inch 6 originally designed for helicopters. To ensure a steady supply, Tucker bought the company that made it -- Air Cooled Motors of Syracuse, New York.
View ArtifactDriver Controls, 1948 Tucker Sedan in Henry Ford Museum, December 1964
When the Tucker Corporation's steering wheel contractor could not make the deadline for the first series of production cars, Alex Tremulis reached out to his contacts at Ford Motor Company. Ford supplied Tucker with units from its Lincoln Zephyr. That cooperative gesture seemingly undercuts the argument that the Big Three -- or Ford, at least -- were out to destroy Tucker.
View Artifact"Mechanix Illustrated Drives and Tests the New Tucker," 1948
Automotive journalist Tom McCahill wrote glowingly of the Tucker 48 in the August 1948 issue of Mechanix Illustrated. McCahill praised the car's smooth ride, quick acceleration and roomy interior. It was a welcome bit of good news for the Tucker Corporation, which was facing increasing financial and legal troubles.
View ArtifactTucker Corporation Business Card, circa 1948
Tucker's unconventional fundraising methods -- the accessories program in particular -- drew the attention of the U.S. Securities and Exchange Commission. The SEC investigated Tucker and charged him with fraud. Although he was found not guilty, bad press from the investigation and trial ultimately ended Tucker’s company and his dream in 1950.
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